American Disposal Services, Inc. Significantly Expands Illinois Presence; Acquires One of Chicago's Largest Fully-Integrated Independent Companies



Sep 10, 1997, 01:00 ET from American Disposal Services, Inc.

    BURR RIDGE, Ill., Sept. 10 /PRNewswire/ -- American Disposal Services,
 Inc. (Nasdaq:   ADSI), a regional, integrated, non-hazardous solid waste
 services company, today announced that it has acquired the stock of the Fred
 B. Barbara Companies, one of Chicago's largest remaining independent solid
 waste service providers, adding approximately $23 million in historic annual
 revenue.  ADSI acquired the outstanding stock of the Barbara Companies in
 exchange for a total initial payment of $58,500,000, payable $43,875,000 in
 cash and by delivery of 539,917 shares of Common Stock.  Such consideration
 can further increase in the event that certain performance criteria are
 achieved.  Headquartered in the heart of Chicago's southwest side, the Barbara
 Companies provide hauling, transfer, recycling and disposal services in the
 greater Chicago metropolitan area.
     The Barbara Companies purchased by ADSI are comprised of three separate
 entities:
 
     Fred B. Barbara Trucking Co., Inc. -- started in 1976,  the oldest of the
 Barbara Companies transports solid waste from customer-owned transfer stations
 as well as its own Shred-All division, to local landfills utilizing a 150
 vehicle fleet;
 
     Shred-All Recycling Systems -- established in 1988, the collection,
 sorting and recycling arm of the Barbara companies, processes 1,500 tons of
 solid waste and recyclables daily through a fully-permitted transfer station
 and recycling facility; the recycling facility is capable of processing
 traditional recyclables in addition to tires, cement, wood pallets, drums,
 aluminum scrap, tree stumps and other bulk materials;
 
     Environtech Landfill -- acquired by Fred Barbara in 1986, located in
 Morris, Illinois, 60 miles west of Chicago, the landfill has 18 years of
 remaining capacity at current volumes.
 
     In commenting on the acquisition, Richard DeYoung, President and CEO said,
 "This is a significant day in our Company's history.  Unquestionably, this
 acquisition provides us with what has been our missing link in the Illinois
 market; it is the ideal strategic platform for execution of our growth plans.
 With the addition of the fully-integrated Barbara Companies, overnight we gain
 a strong, secure, well-respected foothold in the Chicagoland hauling,
 transfer, and recycling market and we add disposal capacity.  ADSI will now
 provide a full-range of services in its Illinois region.  Particularly
 significant is our immediate access to one of the best maintained fleets in
 the industry, allowing us to more competitively secure volume for both the
 Livingston and Environtech Landfills."
     De Young continued, "I particularly look forward to integrating the
 Barbara Companies with ADSI, combining their market strength and our
 management talent into one of the region's premiere solid waste companies.
 With Fred Barbara's continuing involvement, we will build upon the Barbara
 Companies' excellent customer service reputation as we further develop and
 expand our customer base throughout the greater Chicago metropolitan area."
     Fred Barbara stated, "While I have had many opportunities over the years
 to sell my business, I was waiting for the right fit both in terms of business
 philosophy and an on-going role for myself.  I have long-respected the
 American Disposal team and feel challenged and excited about the prospects in
 helping them grow to a leadership position in this market in the years ahead."
     ADSI provides solid waste collection, transfer and disposal services with
 operations in 12 states.  The Company has completed 54 acquisitions since
 January 1993.
     Certain statements in this press release constitute forward-looking
 statements that involve a number of risks and uncertainties.  These risks and
 uncertainties may cause actual results to differ materially from expected
 results and are described in the company's Securities and Exchange Commission
 filings.
 
 

SOURCE American Disposal Services, Inc.
    BURR RIDGE, Ill., Sept. 10 /PRNewswire/ -- American Disposal Services,
 Inc. (Nasdaq:   ADSI), a regional, integrated, non-hazardous solid waste
 services company, today announced that it has acquired the stock of the Fred
 B. Barbara Companies, one of Chicago's largest remaining independent solid
 waste service providers, adding approximately $23 million in historic annual
 revenue.  ADSI acquired the outstanding stock of the Barbara Companies in
 exchange for a total initial payment of $58,500,000, payable $43,875,000 in
 cash and by delivery of 539,917 shares of Common Stock.  Such consideration
 can further increase in the event that certain performance criteria are
 achieved.  Headquartered in the heart of Chicago's southwest side, the Barbara
 Companies provide hauling, transfer, recycling and disposal services in the
 greater Chicago metropolitan area.
     The Barbara Companies purchased by ADSI are comprised of three separate
 entities:
 
     Fred B. Barbara Trucking Co., Inc. -- started in 1976,  the oldest of the
 Barbara Companies transports solid waste from customer-owned transfer stations
 as well as its own Shred-All division, to local landfills utilizing a 150
 vehicle fleet;
 
     Shred-All Recycling Systems -- established in 1988, the collection,
 sorting and recycling arm of the Barbara companies, processes 1,500 tons of
 solid waste and recyclables daily through a fully-permitted transfer station
 and recycling facility; the recycling facility is capable of processing
 traditional recyclables in addition to tires, cement, wood pallets, drums,
 aluminum scrap, tree stumps and other bulk materials;
 
     Environtech Landfill -- acquired by Fred Barbara in 1986, located in
 Morris, Illinois, 60 miles west of Chicago, the landfill has 18 years of
 remaining capacity at current volumes.
 
     In commenting on the acquisition, Richard DeYoung, President and CEO said,
 "This is a significant day in our Company's history.  Unquestionably, this
 acquisition provides us with what has been our missing link in the Illinois
 market; it is the ideal strategic platform for execution of our growth plans.
 With the addition of the fully-integrated Barbara Companies, overnight we gain
 a strong, secure, well-respected foothold in the Chicagoland hauling,
 transfer, and recycling market and we add disposal capacity.  ADSI will now
 provide a full-range of services in its Illinois region.  Particularly
 significant is our immediate access to one of the best maintained fleets in
 the industry, allowing us to more competitively secure volume for both the
 Livingston and Environtech Landfills."
     De Young continued, "I particularly look forward to integrating the
 Barbara Companies with ADSI, combining their market strength and our
 management talent into one of the region's premiere solid waste companies.
 With Fred Barbara's continuing involvement, we will build upon the Barbara
 Companies' excellent customer service reputation as we further develop and
 expand our customer base throughout the greater Chicago metropolitan area."
     Fred Barbara stated, "While I have had many opportunities over the years
 to sell my business, I was waiting for the right fit both in terms of business
 philosophy and an on-going role for myself.  I have long-respected the
 American Disposal team and feel challenged and excited about the prospects in
 helping them grow to a leadership position in this market in the years ahead."
     ADSI provides solid waste collection, transfer and disposal services with
 operations in 12 states.  The Company has completed 54 acquisitions since
 January 1993.
     Certain statements in this press release constitute forward-looking
 statements that involve a number of risks and uncertainties.  These risks and
 uncertainties may cause actual results to differ materially from expected
 results and are described in the company's Securities and Exchange Commission
 filings.
 
 SOURCE  American Disposal Services, Inc.