VAUGHAN,
ON, April 14, 2022 /PRNewswire/ - GFL
Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company")
announced today that it has reached an agreement with the Canadian
Competition Bureau (the "Bureau") to address concerns raised by the
Bureau with the Company's acquisition of the solid waste and
environmental services businesses of Terrapure Environmental Ltd.,
which acquisition closed on August 17,
2021.
GFL worked collaboratively with the Bureau to expeditiously
reach an agreement under which GFL has agreed to divest of four
liquid waste facilities and three tank farms, located in
Western Canada. These sites were
expected to generate annual aggregate revenue of approximately
$20 million in 2022.
The Company is pleased to have reached an arrangement with the
Bureau on this matter and will work to complete the proposed
divestiture as soon as possible. This agreement now concludes the
Bureau's legal action against GFL.
About GFL
GFL, headquartered in Vaughan,
Ontario, is the fourth largest diversified environmental
services company in North America,
providing a comprehensive line of non-hazardous solid waste
management, infrastructure & soil remediation and liquid waste
management services through its platform of facilities throughout
Canada and in more than half of
the U.S. states. Across its organization, GFL has a workforce of
more than 18,000 employees.
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SOURCE GFL Environmental Inc.