Under the terms of the agreement Waste Industries sold its collections operations in Ooltewah, Tenn., and Dalton, Ga., to Allied Waste Industries and simultaneously purchased Allied/BFI's Sampson County landfill in Roseboro, N.C., and Fayetteville collection operations in eastern North Carolina.
The sale of these operations will reduce future revenues by approximately $8.9 million. In addition, Waste Industries transferred to Allied its interest in the GEK landfill near Fort Payne, Alabama, which was recently developed and is being operated by Liberty Waste Services of Pittsburgh, Pennsylvania
In Fayetteville, the Waste Industries operations will be relocated to the Allied/BFI facilities, which are large enough for the combined operations. This swap is of great strategic importance to both Waste Industries and Allied/BFI. We currently have 16 collection operations and 9 transfer stations that can use this landfill. Likewise, Allied has numerous facilities in close proximity to the GEK landfill. It's a win-win for everyone."
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