AbitibiBowater, Montreal, Que., Canada, this week closed the sale of its Recycling Division's material recycling facilities -- located in Arlington, Houston, and San Antonio, Texas, USA -- to Waste Management Recycle America for $12 million. The company will continue operating its recycling programs in Arlington, Houston, and San Antonio, as well as in 20 other major metropolitan areas across North America. With this transaction, AbitibiBowater says it will refocus the company's recycling efforts on its community recycling Paper Retriever program, as well as on the EcoRewards recycling initiative for commercial customers. Waste Management, as part of the sale, has agreed to process materials generated by these two programs.
"The sale of our Texas processing assets allows us to refocus our energy on expanding our recycling services to more customers in more cities across North America, while supporting responsible paper use and recovery," stated Sylvain Longval, VP, Recycling - North America. "These turnkey recycling programs are a testament to AbitibiBowater's product stewardship, leadership in recycling, and proactive approach to sustainability."
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