Waste Services acquires Materials Recovery Facility
Burlington, Ontario— Waste
Services, Inc. announced that it has completed the acquisition
of the Materials Recovery Facility and Solid Waste Transfer Station
in Taft, Florida.
The purchase price for the facility
consisted of $11 million in cash and $4 million by the issuance
of 1,269,841 shares of restricted common stock of Waste Services,
Inc. An additional $1.5 million in cash and $4 million by the
issuance of 1,269,842 shares of restricted common stock will be
paid at the time the final Orange County Solid Waste Management
Permit is issued.