WMI Completes Acquisition of AbitibiBowater Recycling Facilities in Texas

Waste Management has closed on the sale of AbitibiBowater’s MRFs in Texas for $12 million. The recycling facilities are located in Arlington, Houston and San Antonio, Texas.

Despite the sale, AbitibiBowater will continue operating its recycling programs in those three cities, as well as in 20 other major metropolitan areas across North America. AbitibiBowater will refocus its recycling efforts on its Paper Retriever program, as well as on the EcoRewards recycling initiative for commercial customers.

"The sale of our Texas processing assets allows us to refocus our energy on expanding our recycling services to more customers in more cities across North America, while supporting responsible paper use and recovery," stated Sylvain Longval, VP, Recycling - North America. "These turnkey recycling programs are a testament to AbitibiBowater's product stewardship, leadership in recycling and proactive approach to sustainability."

As part of the sale, the company's Recycling Division has also reached an agreement where Waste Management Recycle America will process the materials generated by the Paper Retriever and EcoRewards programs in Arlington, Houston and San Antonio.