Waste Management Announces Acquisition of Greenstar, LLC from NTR plc

  Waste Management Announces Acquisition of Greenstar, LLC from NTR plc

Strategic move expands company’s customer base, service network and recycling

Business Wire

HOUSTON -- January 31, 2013

Waste Management, Inc. (NYSE: WM) today announced that its subsidiary, WM
Recycle America, L.L.C., has acquired Greenstar, LLC from NTR plc. The
acquisition will provide Waste Management’s customers with greater access to
recycling solutions by adding the operations of one of the nation’s largest
private recyclers to Waste Management’s already extensive recycling network.

In 2012, the acquired operations of Greenstar and its subsidiaries managed
approximately 1.5 million tons of recycled material for over 12,000 customers
through 12 material recovery facilities, including seven single-stream plants,
and a brokerage business for recovered material. With this acquisition, Waste
Management will have capacity to manage approximately 15 million tons annually
of recyclable materials for municipal, industrial, and commercial customers.

“Acquiring Greenstar advances our growth and transformation strategy to
extract more value from the material that we manage. We have a stated goal of
managing 20 million tons of recyclable material by 2020. With these assets, we
have the capacity to achieve almost three quarters of that goal and extend our
ability to provide the recycling services that customers want,” said William
Caesar, President of Waste Management Recycle America and Organic Growth.

This acquisition aligns with Waste Management’s financial goals of growing
earnings, expanding margins, increasing free cash flow, and increasing returns
on invested capital. Operational activities at these facilities will continue
as normal while integration with WM proceeds in the weeks ahead.

Caesar concluded, “The Greenstar material recovery facilities complement our
existing recycling assets, and their managed services business will expand our
brokerage and national account service offerings. We are excited about adding
Greenstar’s team to ours and continuing to provide exceptional service to our
customers as we execute our transformation strategy.”


Waste Management, Inc., based in Houston, Texas, is the leading provider of
comprehensive waste management services in North America. Through its
subsidiaries, the company provides collection, transfer, recycling and
resource recovery, and disposal services. It is the largest recycler in North
America and a leading developer, operator and owner of waste-to-energy and
landfill gas-to-energy facilities in the United States. The company’s
customers include residential, commercial, industrial, and municipal customers
throughout North America. To learn more information about Waste Management
visit www.wm.com or www.thinkgreen.com.

This press release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Statements relating to
future events and performance are "forward-looking statements" and include
statements regarding results and impacts from the transaction described
herein, such as integration process; alignment with strategic and financial
goals; expansion of customer base, service networks and service offerings;
impact on recycling volumes, access and capacity; and impact on earnings,
margins, free cash flow and return on invested capital. You should view these
statements with caution. These statements are not guarantees of future
performance, circumstances or events. They are based on information known to
us as of the date the statements are made. Our business is subject to
uncertainties, risks and other influences, many of which we do not control.
Specifically with respect to the transaction described herein, we face risks
that we may be unable to achieve the synergies and alignment anticipated, we
may be unable to promptly and effectively integrate the merged business, and
the transaction may result in unanticipated diversion of management time and
company resources. Any of these and other factors, either alone or taken
together, could have a material adverse effect on us and could cause actual
results to be materially different from those set forth in such
forward-looking statement. We assume no obligation to update any
forward-looking statement, including financial estimates and forecasts,
whether as a result of future events, circumstances or developments or
otherwise. Additional information regarding factors that could materially
affect results and the accuracy of the forward-looking statements contained
herein may be found in Part I, Item 1A of the Company’s most recent Annual
Report on Form 10-K.


Waste Management
Ed Egl, 713.265.1656
Lynn Brown, 713.394.5093
Ken Haldin, 404.469.0186
Web site:
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