Texas recycling facilities sold by AbitibiBowater
AbitibiBowater announced the closing of the sale of its
recycling division’s material recycling facilities located
in Arlington, Houston and San Antonio, Texas to Waste
Management Recycle America for $12 million.
The Company will continue operating its recycling programs
in Arlington, Houston and San Antonio, as well as in
20 other major metropolitan areas across North America.
With this transaction, AbitibiBowater will refocus its
recycling efforts on its innovative community recycling
Paper Retriever program, as well as on the EcoRewards
recycling initiative for commercial customers. The Company
will ensure a smooth transition and remains committed
to delivering top-quality service to its recycling customers.
As part of the sale, the Company’s recycling division
has also reached an agreement where Waste Management
Recycle America will process the materials generated
by the Paper Retriever and EcoRewards programs in Arlington,
Houston and San Antonio.
These transactions are part of AbitibiBowater’s ongoing
restructuring efforts to streamline its businesses and
work through its creditor protection filings.