RALEIGH, N.C., March 2 /PRNewswire-FirstCall/ -- Waste Industries USA,
Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services company,
today announced the acquisition of D&D Disposal, Southland Disposal, and
A Plus Disposal, Inc. in the greater Atlanta market.
D&D Disposal Company provides specialized commercial service to customers
in the dense downtown area of Atlanta. D & D Disposal's affiliate, Southland
Disposal, provides private residential subscription service in the West
Atlanta suburbs. Both companies are tuck-in acquisitions to current
operations in Woodstock, Georgia. Jim Demkowski, owner of both companies will
join Waste Industries' management team.
A Plus Disposal, Inc., the third acquisition, also provides private
subscription residential services in the same West Atlanta suburbs and is also
a tuck-in acquisition to current operations in Woodstock, Georgia. All
volumes collected by these acquisitions will be internalized into the Grady
Road landfill acquired last December from Waste Connections.
"With over $2.7 million in new annualized revenues, minimal new SG&A and
100% internalization, these tuck-in acquisitions represent a continuation of
our long stated strategy to improve operating margins through routing
efficiencies, reduced SG&A and increased internalization," stated Ven Poole,
Vice President of Market Development.
Waste Industries USA, Inc. is a vertically integrated solid waste services
company that provides collection, transfer, disposal and recycling services to
commercial, industrial and residential customer locations in the states of
North Carolina, South Carolina, Virginia, Georgia, Tennessee, and Florida.
This press release contains "forward-looking statements" under the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
can generally be identified as such because the statement will include words
such as the Company "expects," "believes," "anticipates" or words of similar
import. Similarly, statements that describe the Company's future plans,
objectives or goals are also forward-looking statements. Forward-looking
statements are subject to risks and uncertainties, such as managing growth,
risks in the development and operation of landfills, weather conditions and
economic trends that could cause actual results to differ materially from
those currently anticipated. Consider these factors carefully in evaluating
the forward-looking statements. Additional information concerning factors
that could cause actual results to differ materially from those in the
forward-looking statements is contained from time to time in the Company's SEC
filings. The forward-looking statements made herein are only made as of the
date of this press release and the Company undertakes no obligation to
publicly update such forward-looking statements.
SOURCE Waste Industries USA, Inc.
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Related links:
http://www.waste-ind.com
Company News On-Call:
http://www.prnewswire.com/comp/120685.html
CONTACT:
Carol Dalton of Waste Industries USA, Inc.,
+1-919-325-3000
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