Wastequip Buys Certain Assets Of Hi-Rise Recycling

Cleveland — Wastequip Inc., Cleveland, has purchased certain assets of Wooster, Ohio-based Hi-Rise Recycling Companies Inc. Wastequip plans to continue operations at Hi-Rise facilities in Phoenix and southern Florida.

The transaction has been approved by the U.S. Bankruptcy Court in Canton, Ohio. Hi-Rise filed for Chapter 11 protection in August.

"This further advances Wastequip’s original plan to create a national platform for the manufacture, distribution and sale of equipment used in the waste management industry," says Bob Rasmussen, president and CEO of Wastequip.