Weekly News Bulletin: Apr. 2-8, 2021
Wheelabrator to Acquire Tunnel Hill Partners
Wheelabrator (Portsmouth, NH) announced that it will acquire Tunnel Hill Partners (Stamford, CT). The merger is set to close on March 25th and the combined entities will rebrand as WIN Waste Innovations. With the new combined entity expected to generate about $1 Billion in combined annual revenue, it will be one of the largest private waste firms in the country. The two companies were acquired separately by Macquarie Infrastructure and Real Assets (MIRA) in early 2019 which will continue to hold a controlling interest in the new enterprise until its possible sale or IPO...Read More »
Republic CEO Don Slager to Retire, Vander Ark Will Take the Helm
Republic Services' long-time CEO Don Slager is retiring. On June 25, his chief lieutenant Jon Vander Ark will become the new CEO. Vander Ark will continue in his current role as president and join the company's board of directors. Slager plans to smooth the transition by acting in a consulting capacity through year's end. That will mark a four-decade career in the waste industry including 10 years as CEO. Vander Ark's promotion had been anticipated since his promotion to company president in May 2019. Board Chairman Manny Kadre said it was a unanimous decision following a "a robust, multi-year CEO succession planning process."...Read More »
DOJ Requires Republic Make Divestitures to Acquire Santec
The Department of Justice is demanding that Republic Services (Phoenix, AZ) agree to divest certain assets in five southern states to proceed with its acquisition of Santek Waste Services LLC (Cleveland, TN). These conditions were detailed in a civil antitrust suit filed in the U.S. District Court for the District of Columbia. Under the proposed settlement, Republic would sell two landfills, two transfer stations, four collection facilities and several small container commercial waste routes in the southeast to Kinderhook Industries or an approved acquirer...Read More »
Midwest Mill Operator Opens $500 Million Plant
Green Bay Packaging recently created its first reel of recycled paper at its Wisconsin plant. The mill uses a mix of OCC and mixed paper feedstock. Thanks to the boom in ecommerce and the recovering economy, OCC prices have been surging. According to Fastmarkets RISI's PPI Pulp & Paper Week, the March price of finished containerboard hit an average of $785 per ton. That was up from $765 late last year. This new paper mill will be able to produce 685,000 tons of paper per year...Read More »
Anaergia Launches New Landfill Gas Project
SoCalGas and Anaergia have recently announced that renewable natural gas sourced from diverted landfill waste is now entering the SoCalGas pipeline system from the Rialto Bioenergy Facility. This is the fifth project that has brought renewable natural gas to the SoCalGas pipeline system. Due to reduction in landfill emissions, this source of natural gas is net carbon negative and is roughly equivalent to removing 47,500 cars from the road...Read More »
Citing fundamental differences during negotiations, the Municipal Review Committee has put the sale of the Coastal Resources of Maine waste-to-energy facility on hold. The potential buyer is Delta Thermo Energy, a Feasterville, PA based firm. Since the site is currently offline until the sale is finalized, the 115 communities served by the MRC have had to redirect their waste to a separate WTE site in Orrington, ME...Read More »
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