Advanced Disposal sells NY, NJ assets

 

Advanced Disposal sells NY, NJ assets

By Editorial Staff, Resource Recycling

Advanced Disposal has sold a slew of assets in New York and New Jersey to Newark-based Action Environmental Group, paving the way for the disposal and recycling firm to exit the New York and New Jersey marketplace.

The divestiture includes collection operations in Chester and Sloatsburg, New York and Jersey City and Paterson, New Jersey. Also included in the deal were transfer stations in Chestnut Ridge, Goshen, Hilburn, Newburgh, New Hampton and Port Jervis, New York and Jersey City and Garfield, New Jersey.

A recycling facility in Airmont, New York, will also change hands in the deal.

Advanced Disposal will divest its three remaining operations in the New York and New Jersey area later this year, moves that come after the U.S. Department of Justice (DOJ) raised antitrust concerns following the company's recent acquisition of Veolia ES Solid Waste. According to Advanced Disposal's Mary O'Brien, the firm was left with no choice but to sell all of its assets in the area.

"With the required DOJ divestitures that coincided with the acquisition of Veolia Environmental Services North America in the New York and New Jersey marketplace," said O'Brien, "the remaining area assets did not maximize the opportunity for greater growth in this marketplace. Thus, it was decided to divest of these assets and redeploy the cashed gained in other markets allowing for greater density, efficiencies and growth."

The sale will enable Action Environmental Group to enter the New Jersey marketplace while expanding its services throughout the state of New York, its primary service area.

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