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RE: [greenyes] FYI Waste Management and Recycle America Alliance
- Subject: RE: [greenyes] FYI Waste Management and Recycle America Alliance
- From: "Eric Lombardi" <eric@no.address>
- Date: Wed, 23 Jul 2003 14:17:23 -0600
This is very old news ... or am I missing something here?
Eric Lombardi
Executive Director
Eco-Cycle, Inc
Boulder, CO
303-444-6634
www.ecocycle.org
-----Original Message-----
From: bet danse [mailto:betdanse@no.address]
Sent: Wednesday, July 23, 2003 1:58 PM
To: greenyes@no.address
Subject: [greenyes] FYI Waste Management and Recycle America Alliance
>
> Recycling Today Online :: :: > WMI Creates Recycling
> Alliance
>
> Recycling Today > News >
>
> WMI Creates Recycling Alliance
>
>
>
> 1/13/2003
>
>
>
>
>
>
> Rumors have been bouncing around the
> marketplace over the past several months over big
> changes to Waste Management's recycling division.
> While various sources noted the possibility of
> selling its recycling division outright, the result
> was a move to spin off its recycling business into a
> consolidated subsidiary. At the same time, the newly
> formed company has combined its business with one of
> the largest privately owned recycling companies in
> the United States.
>
>
> The newly formed organization, Recycle America
> Alliance, has been created to optimize the capacity
> and improve the profitability of the company's
> recycling line of business by combining assets and
> operations with a number of other key domestic
> recycling processors and marketers. Recycle America
> Alliance will be a majority owned and consolidated
> subsidiary of Waste Management, Inc. The newly
> formed alliance will not be a spin off. Rather, the
> company will be a consolidated subsidiary of Waste
> Management.
>
> Waste Management also announced that the first
> partner in the alliance is The Peltz Group, based in
> Milwaukee, Wis. Peltz handles more than 2 million
> tons of recovered fiber a year.
>
> "We see this alliance as a great opportunity
> for Waste Management and other premier recycling
> processors and marketers to join together to improve
> efficiencies at their facilities and strengthen
> their marketing efforts," said A. Maurice Myers,
> chairman, president and CEO of Waste Management. "We
> anticipate welcoming other important recycling
> processors into the alliance during the coming
> months, and we are very pleased to have The Peltz
> Group - a company with a long history of
> integrity and value - as an initial partner."
>
> "By combining operations, including both
> facilities and personnel, we believe we will be able
> to increase capacity utilization, in part by
> rationalizing our facilities. The recycling industry
> is still very fragmented in the United States, and
> processing capacity far exceeds demand," said Steve
> Ragiel, vice president of Recycling for Waste
> Management. "This alliance reinforces Waste
> Management's commitment to leadership and innovation
> in the recycling business, and it is expected to
> assist us in providing the best and most
> comprehensive recycling services to our customers.
> We believe that rationalizing costs and increasing
> capacity utilization directly leads to an increase
> in the sustainability of recycling in the U.S. and
> Canada."
>
> Harry Pelz, president and partner and partner
> of Peltz Group, said, "We are excited to be the
> first partner in the new Recycle America Alliance
> and take advantage of the opportunities that lay
> before us. Waste Management has an outstanding team
> of people in place, and is a company with a proven
> track record of success. These are two strong teams
> coming together, and we look forward to working with
> them on this venture."
>
> Under the agreement, Waste Management will
> combine the majority of its recycling processing
> assets with The Peltz Group's assets to form a new
> company that will provide recycling, materials
> brokerage services, container processing and
> trading, a service that allows customers to
> stabilize the price of their commodities. According
> to Sarah Voss-Simpson, WMI presently has 190 MRFs in
> the United States and Canada that will be a part of
> the new alliance.
>
> While at the present time both companies will
> maintain the names, over the long term the plan will
> be for the newly formed companies to bring their
> name out, while phasing out the previous name.
>
> Under the present setup, Waste Management will
> own 90 percent of the newly formed alliance; The
> Peltz Group will own the remaining interest. The
> company will operate as a consolidated subsidiary of
> Waste Management and will be directed by a
> management team made up of former officers and
> managers of both companies.
>
> Heading the operation will be Steve Ragiel of
> Waste Management. Other members of the management
> staff include the following: from Waste Management,
> Tom Riek, David McAdam, Victor Gaylor, and Bruce
> Jensen; from The Peltz Group, members of the
> management team include: Harry Pelz, Brian Fielkow,
> Arnie Peltz, Jonathan Vosburg, and Shawn Lavin.
>
> As the alliance seeks out other partners, the
> percentage ownership will change, although WMI will
> continue to control a majority of the ownership in
> the company.
>
> Recycle America Alliance will have
> approximately 3,300 employees; will handle more than
> 8 million tons of commodities per year; will operate
> 80 recycling plants and provide marketing
> responsibility for more than 190 locations in the
> U.S. and Canada. In addition, RAA will operate seven
> container processing facilities, one plastics
> recycling facility, and four electronics recycling
> facilities.
>
> Waste Management's recycling business is the
> largest collector of recyclable materials from
> businesses and households in North America and
> operates material recovery facilities in the U.S.
> and Canada that, prior to the formation of the
> Alliance, processed more than five million tons of
> recyclable commodities each year. Of the five
> million tons of recyclables handled, about four
> million tons are fiber-related.
>
> The Peltz Group's Brian Fielkow said that the
> combination of Waste Management and The Peltz Group
> will give the alliance a well-rounded package to
> deliver to customers. Additionally, the alliance is
> diversified with plenty of non-fiber materkals.
>
> The Peltz Group currently operates the A-1
> Recycling Center in Milwaukee, Wis.; The Peltz Group
> plant in Menomonee Falls, Wis.; the Madison
> Recycling Center in Madison, Wis.; the Paper Valley
> Recycling Center in Menasha, Wis.; the Janesville
> Recycling Center in Janesville, Wis.; The Peltz
> Group plant in Superior, Wis.; and The Peltz Group
> plant in Cleveland, Ohio.
>
> Additionally, the company operates brokerage
> offices in Milwaukee, Atlanta, Chicago, Los Angeles,
> Minneapolis and Toronto, Canada.
>
> Monday, January 13, 2003
>
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