Dive Brief:
- Advanced Waste Services of West Allis, WI, recently was bought by Covanta Holding Corp. Terms of the sale were not disclosed. Details are expected in July when the next quarterly report is released.
- Based in Morristown, NJ, Covanta has made deals recently to upgrade a WTE in NY and build an automated recovery plant in IN.
- Advanced Waste is a solid and industrial waste firm that also operates a ChemWorks treatment plant in Milwaukee. The firm has waste facilities in Illinois, Pennsylvania, Indiana, and Iowa. Covanta will retain Advanced Waste’s employees.
Dive Insight:
Despite revenue dropping $18 million in Q1, Covanta has pushed forward, spending on new projects and recently extended its agreement with Onondaga County Resource Recovery Agency.
