Employee-owned resource recovery company Recology Inc. and Tahoe Truckee Disposal Co., Inc. (TTDC) jointly announced they have entered into a definitive purchase agreement for Recology to acquire TTDC. TTDC is a family-owned waste and recycling company serving the North Lake Tahoe, Truckee, and greater Sierra region. The transaction is expected to close this fall, subject to receipt of certain approvals and satisfaction of customary closing conditions.
TTDC has served the region for 62 years, providing waste collection to approximately 31,000 residential and commercial customers throughout the Town of Truckee and Placer, Nevada, and El Dorado counties.
Customers will see no changes to their service, rates, or collection schedules as a result of this announcement, and community programs will 聽continue. TTDC will continue to operate independently until the transaction closes. Both companies are committed to a smooth transition and keeping customers and the community informed of any future changes.
Following the close of the transaction, TTDC鈥檚 operations, employees, and customers will become a part of Recology under the new name Recology Tahoe Truckee.
鈥淲e are excited to welcome the TTDC team to the Recology family,鈥� said Sal Coniglio, CEO of Recology. 鈥淭his acquisition is a natural extension of our Northern California operations and reflects our ongoing growth strategy in the region. We look forward to partnering with the local communities to bring the full strength of Recology鈥檚 resource recovery network.鈥�
鈥淥ne hundred and twenty years ago, our ancestors helped found one of the San Francisco scavenger companies that became Recology. Generations later, we鈥檙e entrusting the company our family built to that same organization. We鈥檙e bringing it back to where our family鈥檚 business started,鈥� said David Achiro, owner of Tahoe Truckee Sierra Disposal. 鈥淥ur customers, employees, and communities are in good hands. We are excited to see what the future holds under Recology leadership.鈥�