Date: May 15, 2009
Source: News Room
Rumpke Consolidated Companies Inc. announced its purchase of a large landfill and transfer station in north central Ohio. It represents the Cincinnati-based company's largest acquisition in its 77 years in business and is expected to increase revenues by 8 percent. The company reported revenue of $375 million in 2008, ranking as the 14th largest waste company in the US. The deal comes as a result of the recent 2008 merger between Republic Services Inc. and Allied Waste Industries. In an antitrust review of the merger, the Department of Justice required the new company to sell some assets to preserve competition in the markets it serves. While financial terms of the deal were not disclosed, the purchase covers the 300-acre Noble Road Landfill near Mansfield, the Harvard Road Transfer Station near Cleveland and involves 30,000 residential and 3,000 commercial customers in Medina, Wayne, Richland, Morrow, Ashland, Huron, Knox and Lorain counties. The company also acquired 60 vehicles and said that it wants to keep most of Republic Services' employees at the operations.
It is emblematic of the industry that the Noble Road Landfill was originally part of Superior Waste Services then later sold to Browning-Ferris which became part of Allied Waste, and which last merged with Republic Services, only to be sold to Rumpke this month. Harvard Road Transfer Station was originally part of Mid-American Waste Systems which then was acquired by USA Waste which later acquired Waste Management that divested it to Republic Services now selling it to Rumpke. Employees of the industry are well acquainted with the merry-go-round.
Currently the Noble Road landfill accepts about 2,000 tons per day or about 639 thousand tons of waste per year.
PRESS RELEASE:
Rumpke Plans for Acquisition
MANSFIELD, Ohio – Rumpke Consolidated Companies, Inc. entered into an agreement to purchase certain waste collection, hauling and disposal assets from Republic Services, Inc. in Mansfield and the Cleveland area on May 13.
The acquisition will include the 300 acre Noble Road Landfill in Mansfield, the Richland County Transfer Station and the Harvard Road Transfer Station in Cuyahoga County. Rumpke will also begin servicing approximately 30,000 residential and 3,000 commercial customers in Ashland, Huron, Knox, Lorain, Medina, Morrow, Richland and Wayne counties. More than 60 vehicles involved in the transaction will service the area's customers. Rumpke is also looking forward to retaining the many quality employees at the facilities.
"This business decision was made possible through the dedication and hard work of our employees, and together we are very much looking forward to not only providing excellent service to our new customers, but also to becoming an active member of the Mansfield and greater Cleveland communities," said Bill Rumpke Jr., chief operating officer at Rumpke.
Rumpke and Republic Services will finalize the details of the transition during the next 90 days, including notification of employees and existing customers.
"One of our top priorities is communicating with the people directly involved in the acquisition," added Rumpke. "With this in mind we will do our best to make certain those affected by this transition are kept informed."
Rumpke Consolidated Companies, Inc. has been committed to keeping neighborhoods and businesses clean and green since 1932 by providing environmentally friendly waste disposal solutions. Headquartered in Colerain Township, Ohio, just outside of Cincinnati, Rumpke is one of the nation's largest privately owned residential and commercial waste and recycling firms, providing service to areas of Ohio, Kentucky, Indiana and West Virginia. Rumpke divisions include Rumpke Recycling, Rumpke Portable Restrooms, Rumpke Haul-it-Away, The William-Thomas Group, Rumpke Hydraulics & Machining and Rumpke Park. For more information, visit www.rumpke.com.
For more information, contact:
Amanda Pratt, Corporate Communication
Office: (513) 741-2637
Cell: (513) 617-0551
Sign up to receive our free Weekly News Bulletin