In addition, Waste Management Environmental LLC, a subsidiary of Waste Management, completed the sale of its 49 percent interest in Advanced Environmental Services LLC to Onyx, a 51 percent owner in the joint venture with Waste Management. AES provides onsite industrial services and hazardous waste treatment in the United States.
WMI expects the sale of its Hong Kong business to be completed by the end of the year, while the sale of the Mexican assets is expected to be completed during the third quarter. Waste Management intends to use the proceeds of these divestitures primarily to reduce debt and to make selective tuck-in acquisitions of solid waste businesses in North America.
Explore the August 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
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- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
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- Tire Industry Project publishes end-of-life tire management guide
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