TransForce expands its waste section
MONTREAL - - Canada’s largest truck fleet has just dug itself more deeply into the landfill business.
TransForce announced this week that its waste-management subsidiary Matrec -- which already owned 50 percent of Lafleche Environmental's landfill and environmental complex in Moose Creek, Ont. -- just purchased the other half.
The Lafleche operation provides a range of environmental services including recycling, composting, soil treatment, and waste water treatment, all aimed at diverting waste from landfill, and is developing a project to convert methane gas into electricity.
Licenced landfill sites are increasingly rare in Ontario and the Laflèche complex is working to minimize the materials sent to landfill.
Moose Creek is located about halfway between Ottawa and the Quebec border, just south of the 417.
Matrec has owned half of the company since 2008.
"The Laflèche environmental complex is a very important strategic asset for Matrec, strengthening its competitive position in Eastern Ontario, and serving as a model for its other operations," said Alain Bédard, Chairman, President and CEO of TransForce.
Matrec's former partner, André Laflèche, will remain as a consultant to the business he created and "will continue to provide guidance for the further development of recycling services," Bedard said.
Financial terms were not disclosed. It is Matrec's fourth landfill-related transaction in the past few years.