Dive Summary:
- Advanced Disposal sold two facilities, one in New York and the other in New Jersey, to comply with the Department of Justice's (DOJ) ruling that it must divest assets in New Jersey and Georgia sites before it acquired Veolia Solid Waste Inc.
- Action Environmental Group bought the facilities from Advanced Disposal for an undisclosed amount.
- Highstar Capital, who owns Advanced Disposal, had been planning on unloading the sites since it was ordered to by DOJ last fall.
From the article:
The specific assets divested in the deal include collection operations in Chester and Sloatsburg, N.Y., and Jersey City and Paterson, N.J.; transfer station operations in Chestnut Ridge, Goshen, Hilburn, Newburgh, New Hampton and Port Jervis, N.Y., and Jersey City and Garfield, N.J.; and a recycling facility in Airmont, N.Y.
