Advanced Disposal Services Inc. hopes to close the divestment of its remaining New Jersey and New York waste and recycling assets by late summer.
Charlie Appleby, chairman and CEO of the Ponte Vedra, Fla.-based company, said Advanced Disposal is divesting the assets as required by the Department of Justice (DOJ) order last November so the DOJ to approve the sale of Veolia ES Solid Waste Inc. to Advanced Disposal owner Highstar Capital, according to Mary O’Brien, chief marketing officer for Advanced Disposal, in an e-mail.
She said Advanced Disposal cannot disclose the parties it is talking to about the sale.
Last November the DOJ required the company to divest assets in northern New Jersey, central Georgia, and the Macon, Ga., metropolitan area before it can go forward with the Veolia acquisition.