Date: October 11, 2001
Source: News Room
Nonhazardous waste collection company Casella Waste Systems Inc. (Nasdaq:CWST) has sold its Multitrade energy operations, generating net proceeds to the company of about $5.7 million. The Rutland, Vermont-based company, which handles waste for over half a million commercial, industrial and municipal customers, said proceeds would be used to pay down debt. Casella has recently been selling non-core operations in order to focus on its solid waste business. The sale of Multitrade means the company has now netted about $100 million from its divestment program, against projected proceeds of $90 million. More information: www.casella.com.
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