Acquisition gives Waste Management access to another 1.5 million tons of recyclables.
WM Recycle America LLC, a subsidiary of Waste Management Inc (WMI), based in Houston, has acquired Greenstar LLC from Ireland-based NTR plc. The deal will provide Waste Management’s customers with what the company says is greater access to recycling solutions by adding the operations of one of the nation’s largest private recyclers to WMI's already extensive recycling network.
Last year, the acquired operations of Greenstar and its subsidiaries managed about 1.5 million tons of recyclables for more than 12,000 customers at 12 MRFs, including seven single-stream plants, and a brokerage business for recovered material. With this acquisition, Waste Management will have capacity to manage about 15 million tons of recyclables per year.
“Acquiring Greenstar advances our growth and transformation strategy to extract more value from the material that we manage," says William Caesar, president of Waste Management Recycle America. "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."
He continues, “The Greenstar material recovery facilities complement our existing recycling assets, and their managed services business will expand our brokerage and national account service offerings. We are excited about adding Greenstar’s team to ours and continuing to provide exceptional service to our customers as we execute our transformation strategy.”
Greenstar’s facilities are located in the eastern half of the United States. The company also has a large presence in Texas, with operations in Dallas, Houston, Fort Worth and Dallas.