Recycling firm Looney Bins has been acquired by Waste Management, one of the largest waste haulers in the country. Details of the transaction between Pacoima-based Looney Bins and Waste Management, based in Houston, were not disclosed. Looney Bins operates two facilities that recycle construction and demolition material, one near downtown and the other in the East San Fernando Valley. The acquisition allows for Waste Management to expand on the foundation that Looney Bins worked hard to build, said Mike Hammer, President of Looney Bins. “Acquiring Looney Bins and its diversion facilities allows us to provide even greater recycling opportunities for our customers throughout the Southland,” said Larry Metter, Vice President for Waste Management in Los Angeles.
