AbitibiBowater has announced the closing of the sale of its Recycling Division's material recycling facilities located in Arlington, Houston and San Antonio, Texas to Waste Management Recycle America for $12 million.
The Company will continue operating its recycling programs in Arlington, Houston and San Antonio, as well as in 20 other major metropolitan areas across North America. With this transaction, AbitibiBowater will refocus its recycling efforts on its innovative community recycling Paper Retriever program, as well as on the EcoRewards recycling initiative for commercial customers. The Company will ensure a smooth transition and remains committed to delivering top-quality service to its recycling customers.
"The sale of our Texas processing assets allows us to refocus our energy on expanding our recycling services to more customers in more cities across North America, while supporting responsible paper use and recovery," stated Sylvain Longval, Vice President, Recycling - North America. "These turnkey recycling programs are a testament to AbitibiBowater's product stewardship, leadership in recycling and proactive approach to sustainability."
