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Waste Management buys 2 Calif. trash disposal companies

Texas-based Waste Management Inc. acquired Anderson Rubbish Disposal and Moorpark Rubbish Disposal.

The deal includes assets associated with the California businesses' solid waste and recycling collection services, equipment, vehicles, and customer agreements.

The transaction, which was completed on March 16, expands the buyer's operations in Ventura County, Calif., with franchise rights for waste collection services in Simi Valley and Moorpark.

"This acquisition will allow us to grow as the assets align perfectly with our existing operations furthering our environmental solutions throughout the region," said Mike Smith, director of operations for Waste Management.

Financial terms of the acquisition were not disclosed.