Waste Management, Inc. announced January 31, 2013 that its subsidiary WM Recycle America has acquired Greenstar Recycling from NTR plc.
In a statement, the company says the acquisition provides Waste Management's customers with greater access to recycling solutions by adding the operations of one of the nation's largest private recyclers to Waste Management's already extensive recycling network.
“Acquiring Greenstar advances our growth and transformation strategy to extract more value from the material that we manage,” stated William Caesar, president of Waste Management Recycle America and Organic Growth. “We have a stated goal of managing 20 million tonnes of recyclable material by 2020. With these assets, we have the capacity to achieve almost three quarters of that goal and extend our ability to provide the recycling services that customers want.”
In 2012, the acquired operations of Greenstar and its subsidiaries managed approximately 1.5 million tonnes of recycled material for some 12,000 customers through 12 material recovery facilities, including seven single-stream plants, and a brokerage business for recovered material.
This acquisition allows Waste Management to manage approximately 15 million tonnes annually of recyclable materials for municipal, industrial, and commercial customers.
“The Greenstar material recovery facilities complement our existing recycling assets, and their managed services business will expand our brokerage and national account service offerings,” Caesar added. “We are excited about adding Greenstar's team to ours and continuing to provide exceptional service to our customers as we execute our transformation strategy.”