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Article: A new name, a new start; North East Waste Services buys Waste Systems' assets; Boyer maintains position.(Brief Article)
- Article from:
- Waste News
- Article date:
- July 22, 2002
- Author:
CopyrightCOPYRIGHT 2002 Crain Communications, 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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A new solid waste management company is forming as a result of Waste Systems International Inc.'s emergence from bankruptcy court protection.
North East Waste Services Inc., a private firm, has acquired the operating subsidiaries of Waste Systems International, which filed for Chapter 11 bankruptcy protection in January 2001. Waste Systems International emerged from Chapter 11 on June 28.
North East Waste Services - or NEWS - is owned by funds managed by DDJ Capital Management LLC of Wellesley, Mass.
``The formation of North East Waste Services and the successful reorganization of WSI has resulted in a stronger, more focused player in the waste ...