Republic Services, Inc. has entered into a definitive agreement to acquire ReCommunity Holdings II, Inc., the largest independent recycling/processing company in the U.S. ReCommunity’s assets and expertise will complement Republic’s existing recycling collection and processing operations.
The acquisition involves 26 recycling centers in 14 states, primarily in locations where Republic maintains a leading market presence. Combined, these facilities recover approximately 1.6 million tons of recycled commodities annually. The transaction also includes the assumption of multiple long-term municipal agreements with processing fee-based structures, which aligns with Republic’s innovative recycling pricing model.
“We believe this transaction will enable us to meet growing customer demand for recycling services, while achieving one of our key sustainability goals,” said Don Slager, president and chief executive officer of Republic Services. “Recycling continues to be one of the fastest growing segments of the waste stream, and our focus remains on investing in traditional recycling in select and prioritized markets where customers have demonstrated both a demand and a willingness to pay for recycling.”
As part of its Blue Planet™ sustainability platform, Republic has a goal of adding an additional 150,000 tons or more per year of recycling capacity by 2018.
Published in the October 2017 Edition of American Recycler News