Printer Friendly

USA WASTE ACQUIRES ASSETS IN CHICAGO MARKET

 DALLAS, Sept. 17 /PRNewswire/ -- USA Waste Services, Inc. (NYSE: UW) today announced that it had acquired, for approximately $8.1 million (consisting of cash, notes and debt assumption) certain waste collection, transfer and recycling assets from Continental Waste Industries of Illinois, Inc. (formerly XL Disposal Corporation), a private company operating in the Chicago market. In addition, USA Waste entered into an arrangement to lease a 17,000-square-foot solid waste transfer facility located in the city of Chicg?o from Continental under a two-year agreement with a right of USA to extend the lease for up to 10 years. The agreement also grants USA an option to acquire the leased facility for approximately $6 million, subject to certain adjustments.
 Donald F. Moorehead Jr., USA Waste's chairman and CEO, stated, "XL has historically been a leader in waste transfer and recycling programs in the Chicago area. I am excited about the opportunities that the Crestwood and 64th Street facilities will avail to USA Waste in this market." USA Waste also owns and operates a landfill and waste collection facility in Lake County, Ill., located in the northern Chicago suburbs, and is known for its strong commitment to customer service and satisfaction.
 USA Waste Services, Inc., based in Dallas, is a rapidly growing solid waste management company performing both waste collection and disposal services in multiple locations nationwide.
 -0- 9/17/93
 /CONTACT: Earl. E. DeFrates of USA Waste Services, Inc., 214-233-4212/
 (UW)


CO: USA Waste Services, Inc.; Continental Waste Industries of Illinois,
 Inc. ST: Texas, Illinois IN: ENV SU: TNM


CK -- NY021 -- 3070 09/17/93 11:57 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 17, 1993
Words:267
Previous Article:NISSAN ANNOUNCES PRICING ON 1994 MODELS
Next Article:SHOPKO STORES REPORTS SECOND QUARTER RESULTS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters