Date: July 20, 2010
Source: Veolia ES Solid Waste, Inc.
Veolia ES Solid Waste (Milwaukee, WI) has bought Indiana Waste Systems (Monticello, IN), in an effort to expand the company's presence in western and northern Indiana. The acquired operations include a transfer station, roll-off trucks and containers and will contribute about 16,000 tons of additional annual volume. Terms of the transaction were not disclosed. "The acquisition of these assets is consistent with our strategy of entering new marketplaces through the acquisition of fully-integrated operations," said Jim Long, President and CEO of Veolia ES Solid Waste. "In addition, Jeff Van Weelden, owner and operator of IWS, will join our team. "Jeff has built a solid company and has established strong business relationships, which will help us quickly grow market share in northern Indiana," Long said.
PRESS RELEASE
Veolia ES Solid Waste, Inc. Announces Acquisition of Hauling Company In Indiana
Veolia ES Solid Waste, Inc. today announced it has acquired substantially all the business assets of Indiana Waste Systems (IWS). IWS is based in Montecello, Ind. The acquisition will establish a hauling presence for Veolia ES Solid Waste in western and northern Indiana and will add additional volume of 16,000 tons annually.
The IWS assets consist of seven rearloaders, four roll-off trucks, 820 containers, 80 rolloff boxes and a transfer station. The waste collected will be internalized at the Veolia ES Hoosier Landfill in Claypool, Ind.
"The acquisition of these assets is consistent with our strategy of entering new marketplaces through the acquisition of fully-integrated operations," said Jim Long, President and CEO of Veolia ES Solid Waste. "In addition, Jeff VanWeelden, owner and operator of IWS, will join our team. Jeff has built a solid company and has established strong business relationships, which will help us quickly grow market share in northern Indiana."
Details of the transaction were not disclosed.
Veolia ES Solid Waste, Inc.
Veolia ES Solid Waste, Inc., part of Veolia Environmental Services North America Corp., is one of the largest solid waste companies in North America, providing a full range of services to commercial, industrial and residential customers in 12 states, the Bahamas, and Canada. Veolia ES Solid Waste, Inc. operates 76 collection facilities and 30 solid waste sanitary landfill facilities in North America and is headquartered in Milwaukee. By working in partnership with communities, we aim to preserve valuable resources and extend landfill capacity by focusing on waste reduction, curbside collection, sorting and the processing and marketing of recyclables.
Veolia Environmental Services North America Corp.
Based in Chicago, Veolia Environmental Services North America Corp. is the leading provider of fully integrated waste, environmental and industrial cleaning solutions to residential, municipal, commercial and industrial customers across the US, Canada and the Caribbean. The company is part of the Veolia Environnement companies in North America, with 30,000 North American employees providing sustainable environmental solutions in water management, waste services, energy management, and passenger transportation.
The Veolia Environmental Services group is the largest waste services company in the world and the only global manager of liquid, solid, non-hazardous and hazardous waste; on-site waste processing; industrial cleaning and process maintenance; and recycling, recovery and disposal for both the public and private sectors. Its parent company, Veolia Environnement (NYSE: VE and Paris Euronext: VIE), is the worldwide reference in environmental services. With more than 313,000 employees in 74 countries, Veolia Environnement recorded annual revenues of almost $50 billion in 2009. Veolia Environnement is in the Dow Jones Sustainability World Index (DJSI World) and Dow Jones STOXX Sustainability Index (DJSI STOXX). Visit the company's Web sites at www.veolia.com and VeoliaES.com.
Important Disclaimer
Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release may contain "forward-looking statements" within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including the risks described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement.
For more information, contact:
Denisse Ike, Veolia Environmental Services North America
Tel: 312 552 2800
Denisse.ike@veoliaes.com.
Denise Graham, On Ideas
Tel: 904 354 2600
denisegraham@onideas.com.
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