Date: December 1, 2004
Source: News Room
Waste Industries USA, Inc. (Nasdaq: WWIN) (www.waste-ind.com) has closed an asset swap transaction with Waste Connections, Inc. (www.wasteconnections.com). Waste Industries purchased Waste Connections' hauling, transfer station and MSW landfill operations located in the north and northwestern suburbs of Atlanta. Simultaneously, Waste Industries sold to Waste Connections its hauling and C&D landfill operations in the greater Memphis, Tenn. market and its hauling and transfer station operation in Crossville, Tenn., including a nearby landfill development. Both sides of the transaction produced revenues of roughly $12 million annually.
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