Australian Waste Giant to Acquire Cleanaway Australia from KKR

Date: May 16, 2007

Source: News Room

Australian integrated industrial service and waste management company Transpacific Industries acquired Cleanaway Australia from private equity firm Kohlberg Kravis Roberts for $1.25 billion. Transpacific executive chairman Terry Peabody said Cleanaway would be an excellent fit with the company's existing solid-waste businesses. Cleanaway operates in every Australian state except Tasmania. In April Transpacific picked up another Australian waste firm Twigg Group for $155.8 million.

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