Progressive Waste acquires 19.9% interest in TerraCycle Canada Progressive Waste Solutions announced that it acquired a 19.9% interest in TerraCycle Canada. TerraCycle Canada collects and recycles pre-and post-consumer waste streams ranging from cigarette butts to coffee capsules to drink pouches - that are otherwise sent to landfill or incinerated. The companies are beginning to cooperate on a range of recycling initiatives throughout Canada to bring more recycling options to Progressive Waste Solutions' commercial, governmental and residential customers. TerraCycle Canada is proud to officially announce a corporate rebranding as a 'Progressive Waste Solutions Partner'. This partnership will include Progressive Waste Solutions offering TerraCycle's premium recycling services in many of their contract bids - thereby providing Progressive Waste Solutions customers with advanced options that are available from no other waste management company for recycling otherwise non-recyclable waste streams.
Progressive Waste downgraded on growth outlook at RBC Capital As noted earlier, RBC Capital downgraded Progressive Waste to Sector Perform from Outperform. The firm lowered its organic growth outlook for the company based on its channel checks which suggest a soft Q1 performance. Target to $31 from $34.