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Corporation
ENVIRONMENTAL SERVICES & EQUIPMENT | Solid Waste
lactoasia.com

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Investments

19

Portfolio Exits

3

Partners & Customers

8

About Waste Management Asia

Waste Management Asia, formerly Lacto Asia Pacific, is a solid waste management company that uses a compost activator technology called, Happy Soil Solid Waste System, for garbage reduction.In December 2012, Waste Management Asia was acquired by VuQo Holdings. The valuation of Waste Management Asia was undisclosed. Other terms of the deal were not released.

Waste Management Asia Headquarter Location

Address: Nassons Bldg, 8467 W Service Rd, Parañaque

Manila, 1700,

Philippines

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Expert Collections containing Waste Management Asia

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Waste Management Asia in 1 Expert Collection, including Fortune 500 Investor list.

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Fortune 500 Investor list

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Latest Waste Management Asia News

Waste Management sues Delaware county over ordinance limiting landfill height

Nov 5, 2019

Cole Rosengren Dive Brief: Waste Management’s Delaware Recyclable Products, Inc. (DRPI) has filed suit against New Castle County over new restrictions on landfill height, Delaware Public Media reported  this weekend. The company says the council purposefully targeted its C&D landfill in Minquadale, the only one affected by this policy, and is calling for a permanent injunction. In August, the council passed an ordinance  capping local landfill heights at 140 feet. The DRPI landfill is permitted at 130 feet, but is seeking permission to expand to 190 feet. DRPI has said the site will have to shut down in a few months if the height restrictions are not waived. John Hambrose, communications manager for Waste Management's Greater Mid-Atlantic Region, provided Waste Dive with a copy of the complaint  in lieu of comment. In the 141-page document, the company argues the council has overseen a "targeted campaign" in an effort to ultimately shut down the Minquadale landfill. Dive Insight: All members of the New Castle County Council are defendants in the case, as well as County Executive Matt Meyer. According to DRPI, the company successfully owned and operated the landfill for around 20 years before applying in 2018 for permission to increase the site's height. But DRPI argues that the county intervened before the approval process with Delaware's Department of Natural Resources and Environmental Control could finish by passing an ordinance limiting the landfill's height. DRPI​'s lawsuit asserts that "certain members" of the council, namely Meyer and Councilman David Carter, introduced a number of documents into the record just before the ordinance vote in August. The company says those documents were introduced to support the ordinance and that the council rushed into the decision improperly and without actually considering the ramifications. DRPI argues the landfill height restrictions are "arbitrary" and have nothing to do with public health. Carter told Waste Dive that DRPI's comments about the last-minute document dump are "untrue" and that the materials had been previously discussed at public meetings. He also said that public health has been a concern, as well as the landfill's impact on vulnerable communities. Carter said the landfill has contributed to depreciating property values, accelerating environmental justice concerns and disadvantaging those in the area. "We've had several studies in the area that raised concerns about how allowing heavy industry to continue next to residential communities [could cause problems]," he explained. According to Carter, 50% to 70% of the landfill's tonnage comes from outside Delaware. He indicated that in-state waste could be dealt with by the Delaware Solid Waste Authority, which oversees multiple landfills projected to have several decades of capacity left. The Minquadale landfill is permitted to accept up to 2,400 tons tons of C&D daily, largely composed of waste like lumber and asphalt. DPRI has argued  the landfill provides economic benefits to the community and that shutting it down would put more trucks on the road as they haul the waste farther away. The landfill also employs around 150 people , meaning jobs could be at stake. Waste Management's state application to extend the landfill's height remains pending despite the litigation. Recommended Reading:

Waste Management Asia Investments

19 Investments

Waste Management Asia has made 19 investments. Their latest investment was in Enerkem as part of their Series H on April 4, 2019.

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Waste Management Asia Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/17/2019

Series H

Enerkem

$57.25M

No

3

9/9/2015

Series F

Enerkem

$38M

No

1

6/21/2013

Series E

Enerkem

$48.2M

No

1

8/22/2012

Series C - II

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$99M

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10

8/2/2012

Unattributed VC - IV

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$99M

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10

Date

4/17/2019

9/9/2015

6/21/2013

8/22/2012

8/2/2012

Round

Series H

Series F

Series E

Series C - II

Unattributed VC - IV

Company

Enerkem

Enerkem

Enerkem

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Amount

$57.25M

$38M

$48.2M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

3

1

1

10

10

Waste Management Asia Portfolio Exits

3 Portfolio Exits

Waste Management Asia has 3 portfolio exits. Their latest portfolio exit was Recyclebank on October 23, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/23/2019

Acquired

1

00/00/0000

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$991

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10

00/00/0000

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10

Date

10/23/2019

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

10

Waste Management Asia Acquisitions

18 Acquisitions

Waste Management Asia acquired 18 companies. Their latest acquisition was Advanced Disposal Services on October 30, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/30/2020

IPO

$991

$332.9M

Acq - P2P

13

3/4/2019

Acquired Unit

1

9/5/2018

Acquired

1

3/19/2018

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$99M

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10

3/19/2018

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$99M

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10

Date

10/30/2020

3/4/2019

9/5/2018

3/19/2018

3/19/2018

Investment Stage

IPO

Companies

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Valuation

$991

Total Funding

$332.9M

$99M

$99M

Note

Acq - P2P

Acquired Unit

Acquired

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Sources

13

1

1

10

10

Waste Management Asia Partners & Customers

8 Partners and customers

Waste Management Asia has 8 strategic partners and customers. Waste Management Asia recently partnered with Metro on January 1, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

1/14/2018

Client

Metro

Sweden

Pamplin Media Group - Waste Management gets nod to process our food scraps

On Jan. 5 , Metro selected Waste Management , the nation 's largest garbage company , to build a facility that will work in tandem with the Portland Bureau of Environmental Services , which operates the city 's sewage treatment plant .

3

12/12/2017

Partner

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10

12/6/2017

Vendor

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10

11/21/2017

Vendor

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10

3/24/2014

Partner

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10

Date

1/14/2018

12/12/2017

12/6/2017

11/21/2017

3/24/2014

Type

Client

Partner

Vendor

Vendor

Partner

Business Partner

Metro

Country

Sweden

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News Snippet

Pamplin Media Group - Waste Management gets nod to process our food scraps

On Jan. 5 , Metro selected Waste Management , the nation 's largest garbage company , to build a facility that will work in tandem with the Portland Bureau of Environmental Services , which operates the city 's sewage treatment plant .

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Sources

3

10

10

10

10

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