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Progressive Waste Buys Minority Share in Recycling Firm TerraCycle Canada (Updated)

Allan Gerlat

January 27, 2014

1 Min Read
Progressive Waste Buys Minority Share in Recycling Firm TerraCycle Canada (Updated)

Progressive Waste Solutions Ltd. said it has acquired a 19.9 percent interest in recycling firm TerraCycle Canada for an undisclosed amount.

The Vaughan, Ontario-based Progressive Waste and the Toronto-based TerraCycle will be cooperating on a range of zero waste recycling initiatives to homes, municipalities and businesses through Canada, the companies said in a news release. It will greatly increase recycling opportunities for Canadian governments, corporations, schools, non-profits and residents.

As part of the partnership Progressive will offer TerraCycle's premium recycling services in many of their contract bids, providing Progressive customers with advanced recycling options.

TerraCycle also is rebranding as a Progressive Waste Solutions partner.

TerraCycle’s access to Progressive Waste's network and infrastructure will bring extended distribution, efficiency, enhanced ease-of-use to TerraCycle's free nationwide recycling fundraisers already occurring at more than 5,000 schools and charities nationwide.        

TerraCycle collects and recycles post-consumer waste that would otherwise be disposed of in landfills or incinerated.

"TerraCycle demonstrates the ability to engage manufacturers, retailers and most importantly, millions of consumers in recycling otherwise non-recyclable waste streams," said Joseph Quarin, president and CEO of Progressive. "Our investment in TerraCycle reflects the progressive approach we take towards our commitment to creating a more sustainable future."

Tom Szaky, founder and CEO of TerraCycle, added that the company is "ready to accept Progressive Waste Solutions' challenge to scale our operations and impact using their vast infrastructure."

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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