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Article: Waste Management and the Henley Group form new waste-to-energy enterprise.
- Article from:
- PR Newswire
- Article date:
- April 21, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. 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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WASTE MANAGEMENT AND THE HENLEY GROUP
FORM NEW WASTE-TO-ENERGY ENTERPRISE
OAK BROOK, Ill., April 21 /PRNewswire/ -- Waste Management, Inc. (NYSE; WMX) and The Henley Group, Inc. (NASDAQ: HENG) have agreed to form a new waste-to-energy enterprise that will have both assets and annual revenues in excess of $1 billion.
The new company, to be called Wheelabrator Technologies Inc., will be the nation's leading waste-to-energy enterprise and will consist of Henley's 80 percent-owned Wheelabrator Technologies subsidiary and all of the waste-to-energy assets of Waste Management. Wheelabrator Technologies will be 23 percent owned by ...