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Republic Services, Inc. Acquires Rapid Disposal

Aug. 17, 1998

New Jersey Company Generates Revenue of $12 Million

FORT LAUDERDALE, Fla., Aug. 17 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) announced today that it has signed a definitive agreement to acquire Rapid Disposal, Inc. a solid waste collection and disposal company based in Middlesex, New Jersey, for an undisclosed sum. The company generates revenue of approximately $12 million annually.

Rapid operates in Somerset, Mercer, Middlesex, Monmouth, Union, Hunterdon, and Essex counties, all in central New Jersey. The company will be tucked in to Republic Services' existing operations in central New Jersey, which include Midco Waste of New Brunswick, Statewide Environmental of Plainfield and Raritan Valley Disposal of Whitehouse Station. Republic Services also recently acquired Marpal Disposal of Tinton Falls, New Jersey.

Rapid's operations include collection and disposal of commercial, industrial and residential non-hazardous solid waste. In addition to Rapid Disposal, the company also operates Central Jersey Disposal Services, A&D Disposal, and Sano Carting.

Republic Services, Inc. is one of the largest providers of non-hazardous solid waste collection and disposal services in the United States. The company's various operating units provide solid waste collection services for commercial, industrial, municipal and residential customers in 24 states, primarily in the Sunbelt and other high growth areas of the country. The company continues to grow through acquisitions and internal growth.

SOURCE Republic Services, Inc.
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