Houston-based Waste Management Inc. has announced that its wholly owned subsidiary Waste Management Recycle America (WMRA) has acquired two recycling facilities in Virginia and one recycling facility in Maryland from Canusa Hershman Recycling Co. (CHRC).
The acquisition includes two Canusa Hershman facilities in Baltimore and Manassas, Va., and a third facility in Springfield, Va., that was co-owned by Canusa Corp. and the Washington Post Co.
In a news release, WMRA says the acquisition will enable the company to expand its residential, commercial and institutional recycling services in Maryland, Virginia and the greater Mid-Atlantic region. The new facilities, including a single-stream material recovery facility (MRF), will add more than 30,000 tons per month of sorting capacity to the company.
“The Mid-Atlantic region is a highly competitive market, and we are intent on providing our customers in this region with the highest level of service, including robust recycling options,” says Pat DeRueda, WMRA president. “Recent performance of the three facilities has been impressive, including their ability to expand operations and grow volumes. We look forward to adding these talented employees to the Waste Management team as we integrate the recycling facilities into our regional operations.”
Ethan Hershman, CEO of Canusa Hershman, adds, “It was a difficult decision to sell these facilities, but we’ve teamed up with a great company. I want to thank Jonathan Sloan and the management and employees of these facilities for bringing such enthusiasm and success to CHRC.”
After the sale, Canusa Hershman will focus on its brokerage business. The company also retains its packing plant in St. Albans, Vt.
Waste Management says the acquisition complements its overall recycling operations and contributes to the company’s goal of tripling its recycling capacity to 20 million tons per year by 2020.