Toronto-headquartered Canada Fibers Ltd. (CFL), a leading provider of material recovery and recycling services, has announced its plan to acquire the issued and outstanding common shares of HGC Management Inc. (HGC), Brantford, Ontario. CFL says HGC’s goal of helping municipal and commercial customers efficiently and sustainably divert valuable materials from landfill aligns with its own. The company says it expects to complete the transaction within 60 days.
HGC operates seven material recovery facilities (MRFs) within the province of Ontario in the cities of Brantford, Belleville, Cornwall, Peterborough, Simcoe and Trenton. Together, these MRFs sort a significant portion of Blue Box materials within Ontario. In addition, HGC has 75 trucks on the road collecting recyclables and mixed waste from homeowners.