Waste Management Inc. Acquires Regional Recycler in Texas
Waste Management Inc. announced this week it has acquired Lone Star Recycling Group in a deal valued at $340 million, expanding its footprint in Texas and giving it operational control of four materials recovery facilities across Dallas, Houston, San Antonio, and Austin.
What’s in the deal
Lone Star brings approximately 180,000 commercial accounts and processes around 1.2 million tons of mixed recyclables annually. WM said in a statement that integration will focus on cross-utilizing the acquired MRFs with its existing hauling fleet.
Why Texas matters
Texas now ranks as the second-fastest-growing recycling market in the U.S., trailing only Florida. Stricter contamination standards from key end-market customers — particularly food and beverage packaging buyers — have pushed processors toward consolidation, where capital expenditure on optical sorters and AI-vision systems can be amortized across higher volumes.
What’s next
The transaction is expected to close in Q1 of next year pending regulatory review. WM has indicated it will retain Lone Star’s existing workforce of about 1,100 employees and rebrand the facilities within 18 months.
Read the original report at Waste Dive.
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