GFL Announces Completion of Purchase of Waste Collection and Organics Processing Business based in Alberta
TORONTO, June 2, 2017 /CNW/ - GFL Environmental Inc. ("GFL") announced today that it has completed the acquisition of Envirocan Environmental Services, an integrated waste collection, recycling and organics processing business based in Alberta, pursuant to a definitive agreement signed on April 30, 2017. Envirocan has developed a unique collection and processing capability to manage organic food wastes and provide innovative nutrient recovery solutions.
Patrick Dovigi, GFL's Founder and CEO said: "This acquisition is part of GFL's strategic focus on managing food and organic waste streams, which we see as an expanding market as regulators move to ban these materials from landfills, and as commercial customers look for alternatives to including food wastes in typical waste streams. We are excited to have the Envirocan employees join GFL."
About GFL Environmental Inc.
GFL, headquartered in Toronto, ON, is a diversified environmental services company providing a comprehensive line of solid waste, soil remediation, and liquid waste services through its platform of facilities across Canada and in Southeastern Michigan. GFL has a workforce of approximately 4,500 employees and provides its broad range of environmental services to more than 80,000 commercial and industrial customers and its solid waste collection services to more than 2.5 million households.
Forward Looking Information
This release may contain forward-looking information including but not limited to the potential for an offering and issuance of the Notes by GFL and the use of proceeds therefrom. Such forward-looking information is based on certain assumptions and analysis made by GFL in light of its experience and perception of current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. However, whether actual results, performance or achievements will conform to GFL's expectations and predictions is subject to market conditions and a number of known and unknown risks and uncertainties which could cause actual results to differ materially from GFL's expectations. Other factors which could materially affect such forward-looking information are described in the risk factors detailed in the offering documentation prepared and delivered by GFL in connection with the note issuance.
SOURCE GFL Environmental
Patrick Dovigi, Founder and Chief Executive Officer, +1 416 673 9385, [email protected]
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