Waste Management acquires material recovery facilities of Greenstar
Waste solutions provider Waste Management (WM), has acquired recovery services company Greenstar from Ireland-based NTR.
The acquisition was executed by WM subsidiary Waste Management Recycle America.
Greenstar's material recovery facilities will now complement Waste Management's recycling assets while the managed services business will expand the company's brokerage and national account service offerings.
Waste Management Recycle America president William Caesar said that the acquisition will enhance the company's growth and transformation strategy to extract more value from the material they manage.
"We have a stated goal of managing 20 million tons of recyclable material by 2020.
"With these assets, we have the capacity to achieve almost three quarters of that goal and extend our ability to provide the recycling services that customers want," added Caesar.
The acquisition enhances WM's capacity to manage approximately 15 million tons of recyclable materials per annum for municipal, industrial, and commercial customers.