Date: July 29, 2009
Source: Waste Connections, Inc.
In the latest in a series of ambitious asset purchases, Waste Connections, Inc. has entered into an agreement to acquire Sanipac, Inc. based in Eugene, OR, the largest privately owned solid waste services provider in Oregon. Sanipac employs about 145 people and serves more than 60,000 customers. Waste Connections expects to close the transaction during the third quarter. With the Sanipac deal and others already completed, "acquisition activity in the year totals approximately $165 million of annualized revenue," said Ronald Mittelstaedt, Waste Connections' chairman and CEO, in a release announcing the deal and the company's financial results for the second quarter of 2008.
See also: "Waste Connections Posts Second Quarter Gains in Profit and Revenue," (www.wasteinfo.com/news/wbj20090721B.htm).
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