RUTLAND, Vt., Sept. 3, 2013 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc., a regional solid waste, recycling and resource management company, said today that the City of Concord, New Hampshire has awarded the company a ten-year waste and recycling collection contract, including other solid waste and recycling management services.
"We're pleased the City of Concord saw not only the economic value of working in partnership with us, but the potential long-term resource conservation and recycling expertise we bring to the community, as well," John W. Casella, chairman and CEO of Casella Waste Systems, Inc., said. "We're eager to give Concord's citizens the same level of service they've enjoyed for many years, plus a path to conserve and sustain even more resources."
The agreement provides for residential curbside collection of municipal solid waste (MSW) and recycling, transfer and disposal of the City's solid waste, operation of the City's transfer station, waste and recycling collection services in the City's downtown district, yard waste collection, and collection services for municipal agencies, events and activities. The company expects to internalize over 30,000 tons of MSW and recyclables through the residential contract, and commercial waste through the City's solid waste and recycling ordinance.Casella currently provides service for Concord under the City's current contract with BBI, Inc., which Casella acquired in late-2012. Casella's new agreement with the City begins on July 1, 2014; the agreement covering the transfer and disposal of Concord's solid waste begins on January 1, 2015. All portions of the contract run through June 30, 2024. The contract has an option for two 5 year extensions. About Casella Waste Systems, Inc. Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides solid waste management services consisting of collection, transfer, disposal, and recycling services in the northeastern United States. For further information, investors contact Ned Coletta, Chief Financial Officer at (802) 772-2239; media contact Joseph Fusco, Vice President at (802) 772-2247, or visit the company's website at http://www.casella.com .
CONTACT: Investors: Ned Coletta Chief Financial Officer (802) 772-2239 Media: Joseph Fusco Vice President (802) 772-2247 http://www.casella.com
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts