IESI LA Corporation, a subsidiary of Progressive Waste Solutions Ltd., acquired The Recycling Foundation Inc., located in Baton Rouge, La. and Lafayette, La. The acquired company services 500 businesses and holds curbside recycling contracts for East Baton Rouge Parish, Lafayette, Zachary, Youngsville and Carencro. It processes approximately 5,000 tons of recyclables per month. The material recovery facility located in Baton Rouge is a single stream facility with approximately 35,000 square feet.
"This acquisition will enhance our efforts to bring our recycling services throughout Louisiana,” said Phil Smith, Region Vice President of IESI, in a press release. “We have been at the forefront of recycling in other parts of the country and we intend to tap into our knowledge and expertise to increase recycling here in Louisiana. We expect to see many opportunities for the expansion of recycling in the state and we are proud to help recover our country's valuable resources."
The sale was effective as of Aug. 1, 2011. Terms of the transaction were not disclosed.