Waste Management, Inc. (NYSE: WMI) announced that its WM LampTracker® subsidiaries have acquired assets of H.T.R., Inc. and Earth Protection Services, Inc. which will bring additional scale and capabilities to its WM LampTracker® compact fluorescent light bulb recycling business.
These acquisitions fit into Waste Management’s strategy and primary financial goals of earnings growth, margin expansion, strong cash flow generation and increasing the Company’s long-term return on invested capital.
“Waste Management is making great strides in growing our universal waste recycling business, and we are excited to extend our capabilities with more processing facilities and a new customer base,” said Rick Cochrane, senior business director of Waste Management’s WM LampTracker® program.
In addition to its existing Roseville, Minnesota lamp processing facility, Waste Management’s WM LampTracker® subsidiaries now have processing facilities in Kaiser, Missouri, Glendale, Arizona and Williamston, South Carolina. The other operational locations are Phoenix, Arizona, Mira Loma, California, Tigard, Oregon, Round Rock, Texas and Lancaster, Pennsylvania.
WM LampTracker® provides total-care solutions for the storage, handling, transport and recycling of fluorescent lamps for small, medium and large-scale businesses across the United States, as well as for residential consumers through Waste Management’s Think Green From HomeSM program. In addition to fluorescent bulb recycling, WM LampTracker® also provides recycling services for other universal wastes such as batteries and small electronics.
ThinkGreenFromHome.com is part of Waste Management’s sustainability goals to invest in new technologies to enhance its waste business as well as nearly tripling the amount of recyclables it manages by 2020.
For more information on CFL, battery and electronic waste recycling, or to order recycling kits, visit www.thinkgreenfromhome.com
About Waste Management, Inc.
Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Our subsidiaries provide collection, transfer, recycling and resource recovery, and disposal services. We are also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. Our customers include residential, commercial, industrial, and municipal customers throughout North America.