GFL Environmental Buying Transforce Waste Management Arm for $800MGFL Environmental Buying Transforce Waste Management Arm for $800M
October 29, 2015
A Toronto-based company is buying TransForce's waste management business in Quebec and eastern Ontario for $800 million.
Montreal-based TransForce -- which owns the Canpar parcel delivery operation and numerous other transportation companies -- says it will be exiting the waste management business when the deal closes Feb. 1.
GFL Environmental will be purchasing TFI's Matrec solid waste business, which includes landfill, transfer station and recycling operations.