Waste-to-Energy Firm Covanta Buys Advanced Waste

Allan Gerlat, News Editor

May 22, 2015

1 Min Read
Waste-to-Energy Firm Covanta Buys Advanced Waste

Covanta Holding Corp. has purchased solid and hazardous industrial waste firm Advanced Waste Services of West Allis, Wis., for an undisclosed amount.

Advanced Waste also operates a ChemWorks treatment facility in Milwaukee, and has waste facilities in Rockford, Ill.; Portage, Ind.; New Castle, Pa.; and Cedar Rapids, Iowa. In addition, the company operates cleaning services.

James Regan, manager of corporate communications and media relations for the Morristown, N.J.-based waste-to-energy (WTE) firm, confirmed the transaction in an e-mail. “We’re very excited about the acquisition, and we think it’s a great business,” he said.

Covanta will retain Advanced Waste’s management team and employees. Regan said the company won’t release further details on the deal until it issues its next quarterly report, in July.

Earlier this month Covanta said it will upgrade the WTE operation at New York’s Onondaga County with the extension of its agreement to operate and maintain the recycling and WTE facility in Jamesville. Covanta will make investments and upgrades to systems at the facility with the accord with the Onondaga County Resource Recovery Agency (OCRRA).

It also is investing $45 million to build the Advanced Recycling Center next to its WTE facility in Indianapolis. The recycling facility is scheduled to begin operations in 2016.

But Covanta recently has struggled financially. In its first quarter the company lost $37 million, as it was hurt by lower market pricing for metals and energy, as well as other factors, such as the difficult winter weather conditions and the tough Northeast market.

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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