RALEIGH, N.C., July 11 /PRNewswire-FirstCall/ -- Waste Industries USA,
Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services company,
today announced the acquisition of residential collection routes from ASP
Sanitation near Atlanta, Georgia and a multi-service collection operation and
facility from Mark Dunning Industries near Nashville, Tennessee.
The routes acquired from ASP Sanitation provide private residential
subscription service in the West Atlanta suburbs. The Company plans to
internalize all of the waste collected from these routes in its Grady Road
landfill. The collection routes tuck into the recently acquired Waste
Connections and Waste Management routes in the West Atlanta suburbs.
The collection operation acquired from Mark Dunning Industries tucks into
the Company's Nashville and Clarkesville routes. The Company plans to relocate
its existing hauling operation in Clarkesville to the larger maintenance and
administrative facility included in the acquisition. The facility is also
approved for a transfer station which might provide the Company additional
internalization opportunity in the future.
Ven Poole, Vice President, Corporate Development, stated, "With a total of
$3.6 million in new revenues, these acquisitions fit nicely into our new West
Atlanta and middle Tennessee market. They represent a continuation of our
strategy of focusing our acquisition growth on improving route efficiency,
reducing SG&A as a percentage of revenue and increasing internalization into
Company-owned landfills."
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 "plans," "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.
SOURCE Waste Industries USA, Inc.
 back to top
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
|
