Interstate Waste Services Inc. (IWS), Teaneck, New Jersey, has acquired Solterra Recycling Solutions based in Ewing Township, New Jersey. The financial terms of the acquisition were not disclosed.
“We have known the leadership team at Solterra for many years and are thrilled to join forces,” says Mike DiBella, CEO of IWS. “We extend a warm welcome to nearly 300 Solterra employees and look forward to providing Solterra’s customers with the same seamless service.”
Solterra was founded in 2014 and is a nonhazardous solid waste, organic waste and recycling collection provider serving residential and commercial customers throughout central New Jersey and Philadelphia.
IWS says the Solterra acquisition will build upon existing collection and processing operations within the central and southern New Jersey area. The expansion allows IWS to reduce vehicle miles traveled and greenhouse gas emissions by leveraging its waste-by-rail disposal network and facilities.
“Our teams share a similar culture and mission,” says Ed Apuzzi, CEO of Solterra. “We seek to forge relationships between customers, the environment and technology to create a more sustainable future for our region. Combining our operations gives us the benefit of IWS’s state-of-the-art recycling facilities and vertically integrated operations while remaining a locally owned and operated business.”
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