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Waste Business Journal Weekly News Bulletin: Sep. 28-Oct. 4, 2005

Headlines...

  1. Deutsche Bank Predicts Positive 2006 for Haulers
  2. Allied Waste Names Harris to Board of Directors
  3. Pennsylvania Awards Nearly $1.2M in Recycling Grants
  4. AK Steel Completes Construction on Waste Processing Plant
  5. General Environmental Management Closes Credit Financing
  6. Arcadis Acquires Blasland, Bouck, & Lee

 

  1. Deutsche Bank Predicts Positive 2006 for Haulers

    Deutsche Bank has predicted a positive outlook of U.S. waste haulers, noting that price increases and a growth in roll-off collection businesses should strengthen the sector. The bank labeled Waste Management "buy;" Allied Waste, Republic Services, Waste Connections, and Casella Waste Systems were "holds." The bank noted that fuel prices and Katrina cleanup could affect the sector's performance...Read More »

  2. Allied Waste Names Harris to Board of Directors

    Allied Waste Industries has appointed Joshua J. Harris to its board of directors, replacing the resigning Michael S. Gross. Harris has served as a founding senior partner of Apollo Advisers LP, and has also served in the M&A department of Drexel Burnham Lambert Inc...Read More »

  3. Pennsylvania Awards Nearly $1.2M in Recycling Grants

    Pennsylvania Gov. Edward G. Rendell has awarded $1.16 million in County Recycling Coordinator Reimbursement Grants to 51 counties to share the costs of salary and expenses for county recycling coordinators. Pennsylvania's recycling and reuse industry leads the Northeast in employment, payroll, and sales numbers. More than 3,200 recycling and reuse businesses made more than $18.4 billion in gross annual sales in 2004...Read More »

  4. AK Steel Completes Construction on Waste Processing Plant

    AK Steel (NYSE: AKS) has completed construction at its Ashland, Kentucky Works to process and recycle waste materials from the plant's blast furnace, coke making operation, and continuous caster. The new facility will be able to recycle up to 250,000 tons of waste per year that would otherwise be sent to area landfills...Read More »

  5. General Environmental Management Closes Credit Financing

    General Environmental Management, Inc. (OTC BB: GEVM.OB) has successfully closed the first round of a credit financing, and has accepted a term sheet for an additional credit facility totaling $5.1MM. The company provides identification, management, and transportation of waste, as well as emergency and remediation management and employee training...Read More »

  6. Arcadis Acquires Blasland, Bouck, & Lee

    Arcadis (NASDAQ: ARCAF) has acquired Blasland, Bouck, & Lee Inc. of Syracuse, N.Y., a provider of environmental and remediation services. BBL has estimated 2005 gross revenues of $170 million. Approximately 80 percent of revenues are derived from the industrial sector, significantly expanding Arcardis's industrial client base...Read More »

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