Waste Industries USA Inc., a regional, non-hazardous solid waste services company headquartered in Raleigh, N.C., announced today that it has completed an asset purchase and sale with Allied Waste Industries.
Under the terms of the agreement, Waste Industries purchased Allied's Norfolk Va., and Clarkesville, Tenn., operations. Simultaneously, Waste Industries sold to Allied its operations in Charlotte, N.C.; Sumter, S.C.; Mobile, Ala.; and Biloxi, Miss. Customers are being notified and should experience no interruption of service. The effective date of the transaction was August 1, 2003. Further information will be included in Waste Industries' Quarterly Report on Form 10-Q to be filed with the SEC on or before Thursday, August 14, 2003.
Jim W. Perry, President and CEO of Waste Industries stated, "This transaction significantly strengthens our position in two strategic markets (the Norfolk and the Nashville areas). We plan to continue to look for similar opportunities to increase revenues and better position our Company in desired markets."
Waste Industries USA Inc. is a vertically integrated solid waste services company that provides collection, transfer, disposal and recycling services to commercial, industrial and residential customer locations in the states of North Carolina, South Carolina, Virginia, Tennessee, Georgia, Mississippi, and Florida. The company currently operate 36 collection operations, 27 transfer stations, approximately 90 county convenience drop-off centers, eight recycling facilities and 11 landfills in the southeastern U.S.
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