Covanta subsidiary, Covanta Environmental Solutions reports that it has acquired Waste Recovery Solutions Inc. (WRS) and Chesapeake Waste Solutions, two privately held environmental services companies located in Pennsylvania. Covanta is based in based in Morristown, New Jersey.
The waste and energy company says the acquisitions will expand its industrial material management network and capabilities in the mid-Atlantic region, complementing previous acquisitions of similar businesses in the Midwest and Carolinas.
In total, the acquisitions completed to date are expected to contribute approximately $80 million of annual revenue, the company says.
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