Date: September 5, 2008
Source: Waste Pro USA, Inc.
Waste Pro Acquires American Recycling
During the last week in August of 2008, Waste Pro USA, Inc, (Waste Pro) headquartered in Longwood Florida, completed the acquisition of American Recycling of Georgia (ARGA) and American Recycling of Alabama from American Recycling Group, Inc. The company feels strongly that their acquisition of ARGA will provide a platform for recyclables processing expertise and management talent from which to grow its recycling business throughout the Southeast. Waste Pro USA President and CEO, John Jennings, commenting on the acquisition, said "Ours is a simple philosophy: Success follows the combination of quality in all aspects. We believe in acquiring the best equipment in the market and recruiting the best people. With American Recycling we are so fortunate in being able to add great talent to our team. This addition allows us to remain at the forefront of the "GREEN Movement."
Speaking on behalf of the sellers, ARGA President Adam Glasgow said, "American Recycling of Georgia (ARGA) has made a strategic decision to combine efforts with Waste Pro USA in order to grow its share of recyclable material recovery in Georgia and Alabama. This decision was made as a result of prevailing trends, which involve combining strong collection and processing capabilities geared toward maximum waste reduction achievement."
Most of the management team at ARGA will remain with the newly formed company. Specifically, Adam Glasgow will become the President of ARGA/Waste Pro recycling companies in Georgia and Alabama. He will also have a front line presence in any new projects that develop in new major markets. Bucky Fowler will also remain with the company in a key role with more responsibilities over operations. American Recycling Group founder, Jack Lupas will step away from the new company to pursue endeavors with other American Recycling Group Companies (American Recycling of South Carolina, and American Fiber Services), which were not part of the acquisition.
The vision is to combine Waste Pro's available capital resources and hauling expertise with ARGA's recycling program design and processing expertise. This combination will give Waste Pro the ability to attack the waste stream from source to end consumer with the best capabilities in the industry. The result will be more fiber for major post-consumer purchasers, such as Kimberly-Clark.
Waste Pro, established in 2001, has grown from operating two (2) trucks with five (5) employees to become the Southeast's largest privately held solid waste and recycling collection company currently operating over seven hundred (700) trucks and employing over twelve hundred (1,200) people.
Waste Pro USA, Inc. is a privately owned regional solid waste collection and disposal company, headquartered in Longwood, Florida, with twenty-seven (29) locations in Alabama, Florida, Georgia, and South Carolina.
For more information, contact:
Jeff Monahan
Georgia Regional Vice President
(770) 777-1447
jmonahan@wasteprousa.com
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