TransForce Disposing of Waste Management Business
MONTREAL, QC - Canadian trucking and logistics giant TransForce Inc. has reached an agreement to sell its waste management segment to Toronto-based GFL Environmental Inc for $800 million. The transaction will consist of the sale by TFI Holdings Inc., a wholly-owned subsidiary of TransForce, of 100 percent of the shares of Services Matrec Inc. and of the other indirect wholly-owned subsidiary companies comprising TransForce's waste management segment.