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Superior Services, Inc. Announces Purchase and Sale of Services Assets in Wisconsin and Illinois.


MILWAUKEE--(BUSINESS WIRE)--Nov. 18, 1998--Superior Services, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: SUPR SUPR Superior
SUPR Special Unit on Palestinian Rights
) today announced the purchase and sale of certain solid waste services assets in Wisconsin and Illinois with Browning-Ferris Industries Browning-Ferris Industries, or "BFI", is a licensed trademark of Allied Waste Industries, a North America waste collection company. Many local units of Allied Waste are still known as BFI in the markets they serve. , Inc. (NYSE NYSE

See: New York Stock Exchange
: BFI BFI - brute force and ignorance ). The transactions, which were effective November 16, 1998, include customer contracts, equipment, and facilities representing approximately $6 million in acquired revenues for each party.

Under the terms of the agreements, Superior purchased BFI's Eau Claire Eau Claire (ō klâr), city (1990 pop. 56,856), seat of Eau Claire co., W central Wis., on the Chippewa at the mouth of the Eau Claire River, in a hilly lake region; inc. 1872.  operation, which consists of an operating facility, including a materials recovery facility A materials recovery facility or materials reclamation facility (MRF -- pronounced "murf") is a specialized plant that receives, separates and prepares recyclable materials for marketing to end-user manufacturers. . BFI purchased Superior's collection operations in Cuba City, in southeastern Wis., and Elgin, Ill. BFI will integrate these operations into its existing Dubuque, Iowa Dubuque is a city in the U.S. State of Iowa, located along the Mississippi River. Its population was estimated at 57,696 in 2006,[3] making it the eighth-largest city in the state.  and Elgin marketplaces. "These transactions further solidify our presence in northwest Wisconsin, and make Superior the largest hauler in the Eau Claire area," said G.W. "Bill" Dietrich, president and chief executive officer of Superior Services. "The changes allow us to improve our operating efficiencies through consolidation and integration of routes, and gain control of about 200 tons per day of volume into the Superior Seven Mile Creek Landfill." Dietrich added, "We are pleased that Jim Judkins and Brain Johnson have agreed to, respectively, join and remain with Superior in management of the Eau Claire operations, ensuring continuity of high quality customer services."

Superior Services, Inc., is an acquisition-oriented fully-integrated solid waste services company providing solid waste collection, transfer, recycling and disposal services to more than 750,000 customers in 12 states. Since its original consolidation of 22 businesses in 1993, the company has acquired more than 85 businesses to build its network of 23 owned or operated solid waste landfills, 48 solid waste collection operations, 18 transfer stations and 14 recycling facilities. Superior's stock is traded on the NASDAQ under the symbol SUPR.

Superior Services news releases are available on-line 24 hours a day at:

http://www.businesswire.com/cnn/supr.htm

Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the company "believes," "anticipates," "expects" or words of similar import. Similarly, statements that describe the company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risk and uncertainties, which could cause actual results to differ materially from those currently anticipated. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1U3WI
Date:Nov 19, 1998
Words:454
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