The recently closed deal contains substantial collection and hauling business in Illinois, including the Chicago area, as well as assets in Minnesota. The deal is the largest for LRS to date.
Today's purchase of Peoria Disposal marks the transfer of a 93-plus-year family business that provides GFL with a sizable, vertically-integrated platform in Illinois and Missouri.
TerraCycle's Loop says the new offerings will make it easier for consumers to reduce waste, but industry experts say the program is just one small step toward scaling up reuse systems in a circular economy.
Bottlers must use at least 15% postconsumer resin in plastic containers by 2022, and more from there, but a recent CalRecycle report shows many haven't yet hit the mark. PET supply and a strained redemption system are key factors.
The West Coast company is looking to move forward after three subsidiaries admitted to one charge of bribery in a deferred prosecution agreement, but it still faces legal action and a push to change local collection systems.
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