Walker Experiences Significant Growth

October 18, 2012

NIAGARA FALLS

Despite the ongoing economic uncertainties for many businesses, one Niagara company is experiencing significant growth. Walker Industries , one of the region’s largest private companies, is quickly becoming a lot bigger. For the fourth time in the past year Walker has purchased a company to add to its holdings, and expand its operations from southern Ontario to across Canada and into the U.S.

Walker Experiences Significant GrowthYesterday, Walker entered into an agreement to purchase Organic Resource Management Inc. (ORMI), a publicly-traded company listed on the TSX Venture Exchange. Once approved by its shareholders, ORMI will become part of the Walker Environmental (WE) division under the direction of Vice-President Mike Watt.

ORMI’s core business involves collecting non-hazardous, liquid organic wastes from more than 8,000 customers, including restaurants, grocery stores and other food processing facilities. The waste residuals are taken to ORMI’s facilities for processing, and then used in on-farm anaerobic digesters to create green energy for Ontario’s power grid.

ORMI is Canada’s largest grease trap servicing company, with facilities in Toronto, Woodstock, Ottawa and Vancouver. About 100 employees work for the company.

“The purchase of ORMI is part of Walker’s plan to expand into organic waste processing and create a national footprint,” Watt says.

Businesses operated by Walker’s WE division include two landfills, a waste transfer facility, a biosolids plant, a composting facility, landfill gas projects in Ontario and Manitoba, an industrial/commercial construction operation, and a company that hauls industrial, commercial and institutional waste. WE is one of Ontario’s largest handlers of non-hazardous waste.

“ORMI’s values are complementary to those of Walker, with strong environmental performance, standard of operations, regulatory compliance, safety, and employee and community relations,” Watt says. “This acquisition is a good fit for us.”

Earlier this month, Walker purchased Amherst Quarries in Amherstburg, Ontario, to serve aggregate customers in southwestern Ontario. This company has 25 employees.

In May, Walker’s Norjohn Division purchased the assets of Associated Chemists Inc. (ACI), based in Portland, Oregon. ACI has manufacturing facilities for custom emulsion formulations in Portland and Palm Coast, Florida. This brought another 17 employees to the Walker team.

Last October, the company purchased the assets of a Stayner area business, G. Priest Construction Limited, with nine employees including a sand and gravel pit, trucks and related equipment.

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For more information, please contact Mike Watt, Vice-President, Walker Environmental , 905-680-3752 or via email at mwatt@walkerind.com.

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