Covanta Environmental Solutions Acquisition Expands Presence in Canada
Morristown, NJ – Covanta Environmental Solutions, a leading provider of environmental services across a wide range of industries, is expanding its presence in Canada through the recent acquisition of Quantex Environmental Inc. (“Quantex”), a privately-held environmental services company based in Kitchener, Ontario. The addition of Quantex, following Covanta’s 2017 acquisition of Sorinco Inc., based in Chambly, Quebec, expands the company’s network of material processing facilities in Canada, an important strategic growth market.
Together, the acquisitions expand Covanta’s service area and allow for continued development of a comprehensive suite of environmental services offerings, helping customers mitigate risk, solve complex environmental challenges and reach their sustainability goals. Some of these offerings include industrial liquid waste treatment and assured product destruction for industries including pharmaceutical, health and beauty, consumer products and food products.
“Quantex and Sorinco were leaders in their space, recognized for service dependability and innovative solutions – exactly the type of companies that complement our strategy and allow us to grow in an important market,” commented Paul Stauder, president of Covanta Environmental Solutions. “Now, as part of Covanta Environmental Solutions, these entities will have the ability to provide our customers with an even more robust and comprehensive menu of the latest in sustainable materials management and environmental services, with the same or better level of service they have come to expect.”
With these latest acquisitions, Covanta Environmental Solutions’ network of material processing and recycling facilities numbers 17, spanning the United States and Canada.
Covanta Environmental Solutions is a subsidiary of Covanta (NYSE:CVA), a world leader in providing sustainable waste and energy solutions. Annually, Covanta’s modern Energy-from-Waste facilities safely convert approximately 20 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle approximately 550,000 tons of metal. Through a vast network of treatment and recycling facilities, Covanta also provides comprehensive industrial material management services to companies seeking solutions to some of today’s most complex environmental challenges. For more information, visit covanta.com.