Casella Waste acquires PA landfill

Casella Waste Systems, Inc. has acquired a municipal solid waste (MSW) landfill in McKean County, Pennsylvania out of bankruptcy proceedings on February 24 for $0.5 million in cash and the assumption of certain contractual obligations. The roughly 230 acre landfill is permitted by the Pennsylvania Department of Environmental Protection to accept 1,000 tons per day of MSW by truck and 5,000 tons per day by rail. While a rail siding is permitted at the site and the property abuts a railroad spur, the company has no immediate plans to build a rail siding. The site has over 33.5 million cubic yards of permitted airspace. The company estimates the net present value of assumed contractual obligations and closure and post closure liabilities at approximately $4.2 million.