1. Home
  2. News
  3. Week of Mar. 15-21, 2011
  4. Waste Management Buys Three Recycling Facilities in Mid-Atlantic

Waste Management Buys Three Recycling Facilities in Mid-Atlantic

Date: March 15, 2011

Source: Waste Management Recycle America

Waste Management announced that its subsidiary WM Recycle America (WMRA) has bought three material recovery facilities (MRFs), one in Baltimore and two in Northern Virginia as part of plan to enhance its offerings in the Mid-Atlantic region. WMRA acquired the MRFs in Baltimore and Manassas, VA from the Canusa Hershman Recycling Co, and the third in Springfield, VA, from a joint venture of Canusa Corp. and The Washington Post Co. Terms of the transactions were not disclosed. In total, the new facilities will add more than 30,000 tons of monthly sorting capacity, including a single stream facility. "Recent performance of the three facilities has been impressive, including their ability to expand operations and grow volumes," said Pat DeRueda, president of Waste Management Recycle America.

"The Mid-Atlantic region is a highly competitive market, and we are intent on providing our customers in this region with the highest level of service, including robust recycling options," says Pat DeRueda, president of WMRA. "Recent performance of the three facilities has been impressive, including their ability to expand operations and grow volumes. We look forward to adding these talented employees to the Waste Management team as we integrate the recycling facilities into our regional operations."

Ethan Hershman, CEO of Canusa Hershman adds, "It was a difficult decision to sell these facilities, but we've teamed up with a great company. I want to thank Jonathan Sloan and the management and employees of these facilities for bringing such enthusiasm and success to CHRC."

After the sale, Canusa Hershman will focus on its brokerage business. The company also retains its one packing plant in St. Albans, VT.

This acquisition complements Waste Management's overall recycling operations and will contribute to Waste Management's sustainability goal of tripling its recycling capacity to 20 million tons per year by 2020.

Industry News & Events

Sign up to receive our free Weekly News Bulletin