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OTC Disclosure & News Service
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Deep Green Waste & Recycling Acquires Compaction and Recycling Equipment Inc.
Nov 20, 2017
OTC Disclosure & News Service
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Deep Green Waste & Recycling Acquires Compaction and Recycling Equipment Inc.
PR Newswire
MARIETTA, Ga., Nov. 20, 2017
MARIETTA, Ga., Nov. 20, 2017 /PRNewswire/ -- Deep Green Waste & Recycling Inc. (OTCMarkets: DGWR), today announced that it successfully closed the acquisition of Compaction and Recycling Equipment Inc. (CARE). CARE has been in business since 1977. It designs, engineers, fabricates, installs, finances or rents, and services waste equipment.
"The acquisition of CARE is our first acquisition under our strategy to roll-up profitable waste equipment and services companies. CARE helps us to become vertically integrated, expand our footprint in the Northwest, leverage our combined sales team to cross sell waste management products and services." said Bill Edmonds, Deep Green's Chairman and CEO. "We believe the combined business will create value for both our investors and the customers we serve."
Gordon Boorse, President and CEO of CARE commented, "We are very pleased to become part of the Deep Green family and excited about contributing to the success of a great and growing company."
Deep Green expects the financial contribution of CARE to be material to the company's combined operating results during the coming 12 months, and will provide further information regarding the transaction in our next quarterly filing.
About Deep Green
We are a full-service waste & recycling company that manages services to and logistics for large commercial properties throughout the continental U.S. We have presence in 35 states across the Midwest, South and East regions of the United States, and serve approximately 300 commercial customers. www.deepgreenwaste.com
Compaction & Recycling Equipment, Inc.
CARE has been in business since 1977 and is recognized as the Northwest's leading designer and supplier of solid waste handling systems. CARE designs, engineers, fabricates, installs, finances or rents, maintains and services waste equipment. www.waste-equipment.com
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