DEEP GREEN Waste & Recycling Inc. announced that it has completed the sale of a wholly-owned subsidiary, DG Research Inc, dba AMWASTE, to Amwaste of Georgia, LLC for a purchase price of $175,000.
The sale is part of Deep Green’s ongoing efforts to optimize operations and concentrate on its core competencies in environmental safety, analysis, testing, remediation, and abatement services. The divested assets encompass equipment, customer contracts, intellectual property, and leases associated with the waste hauling business operated by DEEP GREEN’S subsidiary situated in Glynn County, Georgia
“As we continue to execute on our strategy to be a leading, vertically integrated provider of sustainable waste, recycling and remediation services, this divestiture allows us to redeploy resources to higher growth opportunities aligned with our long-term vision,” said Bill Edmonds, Chairman and CEO of Deep Green. “This will also help DEEP GREEN pursue strategic opportunities to broaden its portfolio of environmental services and expand nationally.”