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Prime Infra unit acquires Cebu-based waste management company ACI - BusinessWorld Online

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PRIME Infrastructure Capital, Inc. (Prime Infra) said on Monday that its unit Prime Integrated Waste Solutions Inc. (PWS) has fully acquired ARN Central Waste Management, Inc. (ACI). READ:

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“We are excited about this acquisition which marks Prime Infra’s entry into the waste business. Prime Infra established PWS as a response to the market demand for modern waste recovery facilities to accommodate the rapid year-on-year increase in solid waste output,” Prime Infra President and Chief Executive Officer Guillaume Lucci, said in a media release.Prime Infra said that the acquisition was sealed during a ceremonial signing of the share purchase agreement held last week.

Prime Infra said it targets to “bring it at par with world-class materials recovery facilities in other developed countries like Singapore.”

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