Western Waste plans to buy smaller firm to tap into Central California growth rate.Western Waste plans to buy smaller firm to tap into Central California Central California can refer to one of several divisions or regions of the U.S state of California:
Western Waste Industries agreed last week to purchase Sunset Sanitation sanitation: see plumbing; sanitary science. Service, an 18-year-old waste collection company in central California, officials said last week. Purchase price was not disclosed. Western Waste Vice President Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a Widlig said the acquisiton "significantly expands" the company's presence in the rapidly growing central California area. Indeed, Western Waste officials believe the acquisition of Sunset, which had annual revenues of $6 million last year, will make the company the largest waste collection operation in the three-county, central California area, composed of Fresno, Tulare and King counties. "Since we already have operations there, buying Sunset will help us to combine efficiencies," Widlig said. Western Waste, a Los Angeles-based company with 1,600 employees, reported 1990 earnings of $9.7 million on revenues of $172 million, compared to 1989 earnings of $7 million on revenues of $143.1 million. Montgomery Securities analyst Sano Shimoda issued a buy recommendation on the company's stock the day of the acquisition. The stock opened at $18.75 a share the day of the purchase and closed at $19. It closed at $19.50 last Thursday. "What the company is trying to do is broaden its collection business," Shimoda said. "It could generate about $6 million to $7 million in incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. revenues." Shimoda projected the purchase will push Western Waste's 1991 earnings to 96 to 97 cents a share. Western Waste, considered to be one of the biggest trash collection companies operating in the Southland south·land or South·land n. A region in the south of a country or an area. south  land·er n.Noun 1. , provides recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. for industrial, commercial and residential customers. The company also has operations in five states across the Sunbelt. |
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