Casella Waste Acquiring Blue Mountain Recycling

Casella Waste Systems, Inc. announced the acquisition of Philadelphia-based Blue Mountain Recycling, LLC. Blue Mountain Recycling, which has single stream processing facilities in Philadelphia and Montgomeryville, Pa., has a long-term, exclusive processing partnership and strategic alliance with RecycleBank LLC, a recycling service that gives homeowners credits for recycling which can be used with participating merchants.

RecycleBank uses radio frequency identification to measure residential recycling rates; then crediting the homeowner with credits toward purchases by various companies and retailers.

"We believe Blue Mountain's and RecycleBank's platform, combined with our existing recycling infrastructure, represents several unique short- and long- term opportunities," said John Casella, chairman and CEO of Casella Waste. "First, there is an opportunity to increase the volume of processables in our markets, resulting in a significant return on net assets and capacity utilization increases at our existing facilities. It also allows us to potentially extend the utilization of our valuable long-term disposal capacity."