TransForce Inc., a leader in the Canadian transportation and logistics industry, announced on March 2, 2010 that it has completed the acquisition of the 50% of Laflèche Environmental Inc.’s landfill and environmental complex not already owned by Matrec, Transforce’s waste management subsidiary.
Matrec increased its ownership in the complex, located in Moose Creek, Ontario, from 37.5% to 50% in 2008. In addition to its valuable landfill operations, the complex provides a range of environmental services including recycling, composting, soil treatment, and waste water treatment, all aimed at diverting waste from landfill, and is developing a project to convert methane gas into electricity.
Licenced landfill sites are increasingly rare in Ontario and the Laflèche complex is working to minimize the materials sent to landfill.
“The Laflèche environmental complex is a very important strategic asset for Matrec, strengthening its competitive position in eastern Ontario, and serving as a model for its other operations,” says Alain Bédard, chairman, president and CEO of TransForce.
The acquisition of the remaining 50% of the Laflèche complex closed on March 1, 2010 and financial terms were not disclosed. It is Matrec’s fourth landfill-related transaction in the past three years.