A unit of Prime Infrastructure Capital Inc. has completed its acquisition of Cebu-based ARN Central Waste Management Inc. (ACI), marking the Razon group’s foray into solid waste solution
Prime Infra said on Monday that its subsidiary, Prime Integrated Waste Solutions Inc. had sealed the deal to purchase ACI during a ceremonial signing held at its office in Pasay City.
According to Prime Infra president and CEO Guillaume Lucci, PWS was established in response to market demand for modern waste recovery facilities to accommodate the rapid increase in solid waste output every year. “The transaction is also part of Prime Infra’s overall strategy to establish an integrated waste management and sustainable fuels solution that will help tackle the solid waste problem in the Philippines,” said Lucci.
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