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Article: Budget waste signs LOI for acquisition.(C & D NEWS)(Budget Waste Inc)(letter of intent )(Brief article)
- Article from:
- Recycling Today
- Article date:
- March 1, 2006
CopyrightCOPYRIGHT 2006 G.I.E. Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Budget Waste Inc. has signed a letter of intent to acquire AllWaste Systems Ltd. Both companies are headquartered in Calgary, Alberta, Canada.
Budget's plan is to purchase AllWaste with a combination of stock, cash and the assumption of debt.
Budget Waste, which has been in operation for nearly four years, specializes in roll-off services. The company has a strong business in the construction and demolition side of the waste management industry. Also, Budget Waste would like to become more involved in front loading operations, according to the company.
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