Dive summary:
- Waste Management Inc. announced yesterday that its subsidiary, WM Recycling America, has acquired Houston-based Greenstar Recycling.
- Greenstar operates 12 material recovery facilities including seven single-stream plants and a brokerage business for recovered material, managing approximately 1.5 million tons of recycled material for over 12,000 customers.
- With the addition of Greenstar’s resources, Waste Management says they will have the capacity to recycle 15 million tons of materials annually.
From the article:
"In a move that will shape the recycling industry in many parts of the country, particularly in Texas, Waste Management has bought Greenstar Recycling and all of its assets.
Some say the move to sell Houston-based Greenstar Recycling, which operates 12 materials recovery facilities (MRFs) in seven states, was borne of a series of disappointing acquisitions and expansions by Greenstar. Financial terms of Waste Management's acquisition were not released. ..."
