WasteMasters, Inc. completed the acquisition of the Mid-Atlantic waste operations of Global Eco-Logical Services, Inc. The operations consist of a commercial and industrial collection, recycling and transportation business in Philadelphia, New Jersey and surrounding markets, along with a 141 acre construction and demolition landfill in Eastern Ohio.
Leon Blaser, CEO, stated: ``The Global deal represents the first results from the hard work that we have put in over the past year to restructure the company and create shareholder value. We expect to announce in the near future additional positive news for shareholders, including the completion of our reorganization as a Delaware corporation, the settlement of additional material liabilities and the infusion of new capital into the Company, as well as additional acquisitions to complement the operations acquired from Global.''
Explore the October 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Summa Equity acquires majority stake of Bollegraaf
- PTR adds new inside sales account manager
- Cascade Engineering distributes free carts in Flint, Michigan
- CMRA selects venue for nonferrous recycling event
- Biffa adds C&D recycling firm to its portfolio
- Cliffs lines up funding for Canadian acquisition
- BIR joins plastics life cycle effort
- Black mass analysis in the sights of equipment maker