SAN JOSE, CA, February 2, 2023 –GreenWaste, a full-service resource recovery and recycling company, announced it has acquired the assets of Hayward Transfer Station (“HTS”), a Construction and Debris (“C&D”) transfer station located in Hayward, California. This is GreenWaste’s first acquisition since being acquired by a fund managed by Macquarie Asset Management.
“We are excited to welcome the HTS team to the GreenWaste family.” said Tracy Adams, CEO of GreenWaste. “This, and future acquisitions, will position GreenWaste to become market leaders and better serve the Bay Area by providing customers with the most innovative waste and C&D recycling solutions possible. We are committed to retaining full-time employees and ensuring a smooth transition for our new team members and customers.”
GreenWaste intends to expand HTS’ service offerings and hours to better serve customers and the local community. All C&D material, including carpet, from HTS will now be transported to GreenWaste facilities in San Jose, CA for best-in-class processing, increased certified diversion and recycling into new products. GreenWaste’s RCI certified facility diverts more than 80% of material from landfill and transforms material into aggregates, mulches and other landscaping material available for purchase to individual and wholesale customers.
“GreenWaste has the infrastructure and resources to better streamline the recycling of Alameda County’s construction and demolition debris. Moving forward, HTS assets will be part of a more dynamic and environmentally friendly recycling solution, allowing more materials than ever before to be diverted from landfills.” Said Todd Fitch, former owner of the Hayward Transfer Station. “We are confident that our customers will continue to receive the same exceptional service they have come to expect from us and are excited to see what the future holds under GreenWaste’s leadership.”
No financial details were disclosed regarding the transaction.
About GreenWaste
GreenWaste’s mission is to focus on innovation, people and commitment to be green first to revolutionize how we transform the world’s waste. GreenWaste specializes in the collection and processing of residential and commercial solid waste, recyclable materials, organic materials and construction and demolition debris. GreenWaste’s current and predecessor companies have been innovation pioneers in the recycling industry for almost four decades. For more information about GreenWaste, go to: www.GreenWaste.com
Forward-looking Statements
This press release contains “forward-looking statements” that may include but are not limited to statements about integration of the acquisition and outcomes of the acquisition, including future operations, synergies, cost savings, and impact on earnings, cash flow, revenue, return on capital, shareholder returns, strength of the balance sheet or credit ratings, future capital allocation, and future leverage ratio, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “likely,” “outlook,” “forecast,” “preliminary,” “would,” “could,” “should,” “can,” “will,” “project,” “intend,” “plan,” “goal,” “guidance,” “project,” “target,” “continue,” “sustain, “objective,” “synergy,” “on track,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “possible,” “assume,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Potential investors and other readers should view these statements with caution and should not place undue reliance on such statements. Any forward-looking statement made by GreenWaste is based on information and estimates currently available and known to GreenWaste as of the date the statement is made. Such forward-looking statements are not guarantees of performance and are subject to risks and uncertainties that could cause actual results to be materially different from those, whether express or implied, set forth in such forward-looking statements, including but not limited to, general economic and capital markets conditions; acts of war, terrorism, natural disaster, public health risk and other impacts, including increased costs, social and commercial disruption, service reductions and other adverse effects on business, financial condition, results of operations and cash flows; legal proceedings that may be instituted related to the acquisition; unexpected costs, charges or expenses; disruption from the transaction impacting business relationships and operations; inability to timely or failure to successfully close or integrate the acquisition, implement plans, obtain permits, realize anticipated synergies or obtain results anticipated; and other risks and uncertainties described in GreenWaste’s financial reporting. Except to the extent required by law, GreenWaste does not assume any obligation to publicly update any forward-looking statement that may be made from time to time, whether written or oral, including financial estimates and forecasts, whether as a result of new or future information, events, circumstances, developments or otherwise.
Media Contact
GreenWaste | Fredrick Ghai | Fredrick.Ghai@GreenWaste.com
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