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Vermont-based Casella Waste Systems, Inc., a solid waste, recycling, and resource management company, has acquired Willimantic Waste Paper Co., Inc., according to the companies.
Casella Waste spokesman, Joseph Fusco, declined to disclose the purchase price of the deal, however the company says it expects to generate approximately $62 million of annualized revenues from the acquisition.
Fusco said the Rutland, Vermont-headquartered company has no plans to relocate Willimantic Waste Paper Co., and that about 170 Willimantic Waste employees will be joining the Casella team.
This marks the company’s fifth acquisition this year, according to John W. Casella, chairman and CEO of Casella Waste, which has earned about $67 million in annualized revenues.
Willimantic Waste has been a family-owned and operated company for more than 60 years. It now services more than 30,000 residential and commercial customers in Windham, Hartford, Tolland, and New London counties.
Casella will take over Willimantic Waste’s rail-served construction and demolition processing and waste transfer facility, a waste transfer station, a single stream recycling facility, and several other recycling operations.
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