Waste Connections buys landfill for $59M
Sacramento Business Journal - by Celia Lamb
Thursday, April 23, 2009
Republic Services adds solar technology to Texas landfill
Waste Connections Inc. has completed its purchase of the Portrero Hills Landfill in Suisun City for $58.9 million, according to a statement filed with the U.S. Securities and Exchange Commission today.
The company (NYSE: WCN) announced plans to buy the landfill from Republic Services Inc. (NYSE: RSG) in March, but did not disclose the purchase price at that time. Suisun City is in Solano County near Fairfield.
In a separate deal, Waste Connections completed the purchase of $313 million of assets from Republic on April 2. Republic has been divesting its assets to satisfy anti-trust regulations since its merger with Allied Waste Industries Inc. in December.
This purchase was made back in April '09, just prior to the work session concerning the BHDS that was held by the Commissioners in July '09. After receiving additional information concerning the information Doug White posted on the comments page I did some research, here is what I found: The business contact number that the drivers provided was to D & R Dietrich Trucking, based in Vancouver Wa. When I called I spoke to someone named Tammy, when I mentioned the names of the drivers that Doug spoke to, she identified them as their Coos Bay drivers. When I told her that I live in Coos Bay and was interested in applying for a driving job she transfered me to a gentleman that she said was in charge of that operation. I repeated what I had told Tammy and he told me I could apply at the Waste Connections Transfer Site in Coos Bay.
While there is nothing wrong with what Waste Connections is doing, what concerns me is that Waste Connections holds a franchise agreement with Coos County to be the curbside garbage service provider for the majority of Coos Bay and North Bend residents. If they currently charge residents more than $17 per month for curbside garbage service to haul to the Coffin Butte landfill approximately 125 miles north of Coos Bay, how much more will it cost our residents if they haul to their site in California which is 500 miles away?.
