IESI-BFC Announces Purchase of Waste Assets from Fred Weber Inc., Crown Excel Disposal LLC and Weber Gas Energy, LLC in St. Louis, Missouri

IESI-BFC Ltd. ("IESI-BFC") (NYSE:BIN - News)(TSX:BIN - News) announced today that, through two of its U.S. subsidiaries, it has acquired the waste collection, transfer and landfill assets of Fred Weber Inc., Crown Excel Disposal LLC and Weber Gas Energy, LLC (together, "Fred Weber") in St. Louis, Missouri for cash consideration of $159 million.

The acquired assets include:

-- the largest municipal solid waste landfill in the State of Missouri as measured by volume, strategically located on the west side of the St. Louis metropolitan area with an expected life of approximately 80 years and no daily volume limit;

-- a collection business including both commercial and roll-off collection routes which will be integrated with IESI-BFC's existing collection operation in the St. Louis market;

-- a municipal solid waste transfer station in Valley Park, Missouri; and

-- a third party agreement for the sale of landfill methane gas commencing in the second half of 2012.

"The Fred Weber landfill is one of the largest remaining privately owned landfills in the U.S., and the largest landfill in the state of Missouri in terms of volume," said Keith Carrigan, Vice Chairman and Chief Executive Officer of IESI-BFC. "Securing this landfill with its strategic proximity to the St. Louis market, together with the acquired waste collection and transfer assets, substantially improves our operational presence in the St. Louis marketplace. The purchase of these vertically integrated urban market assets aligns perfectly with our stringent acquisition strategy and business model," Carrigan continued.

"As a Company, we are elated to acquire these outstanding assets," said Mickey Flood, Vice Chairman of IESI-BFC. "In combining them with our existing business, we have become a major operator in the St. Louis market and now have both the assets and the critical mass to execute our business strategies. I congratulate our employees on their hard work on this transaction, and express my sincere appreciation to the management team at Fred Weber Inc. for the extraordinary business they have built and for affording us the opportunity to purchase these assets."

Oakville Trash Station Under Review

Opponents to a controversial trash transfer station near Baumgartner and Old Baumgartner roads are holding out hope the Missouri Court of Appeals in St. Louis will void St. Louis County's permit for the project. The court has scheduled arguments on the matter for Sept. 24.

Fred Weber Inc. wants to build the station on 4.43 acres at 5219 Baumgartner Road. The station will act as a consolidation point where haulers will dump their trash, which will then be packed into tractor-trailers for transfer to a landfill. Weber will save fuel and time with the process. The site is one of three Weber had proposed in the south end of Oakville. residents have raised questions about health, safety, environment and property values.

After the St. Louis County Council unanimously rejected the project in 2004, Weber filed suit. On Oct. 19, a county circuit judge ruled for Weber and ordered the county to issue a permit. On Oct. 25, County Counselor Patricia Redington signed a settlement promising not to appeal.

County officials have said they obtained a better project through negotiations with Weber. Project opponents filed suit to overturn the settlement, and appealed a circuit court ruling against them.

Oakville Trash-Transfer Station Gets Approval

The Missouri Department of Natural Resources recently approved Fred WeberInc.'s application to construct a trash-transfer station on Baumgartner Road in Oakville (South County).

Weber's Oakville station will be used to receive solid-waste material onto the tipping floor, load waste into open-top transfer trailers, cover and stage the filled trailers and ship the trailers to a landfill or material-recovery facility.

DNR officials also have specified that Weber must modify its design plans for the station by separating its hot-load area from its unacceptable-waste area. Weber's original plans called for both hot loads and unacceptable waste to be in the same spot.

The DNR approval comes five years after Weber first proposed constructing the facility in Oakville. In 2003, Oakville residents overwhelmingly opposed construction of the trash-transfer station and the county Department of Health and the County Council rejected Weber's proposal.

County Counselor Pat Redington settled a lawsuit in October with Weber attorneys to allow the station's construction.

Weber Seeks Permit for Trash Transfer Station

Fred Weber Inc. has requested a state permit to build a controversial trash transfer station near Baumgartner and Old Baumgartner roads. The Department of Natural Resources has 180 days to approve or reject the request, said Jim Bell, chief of engineering for solid waste management.

The agency will hold a public hearing on the application in March or April in the Oakville area, and arrange for local sites where people could read Weber's application, which is more than 100 pages, Bell said.The site already has approval from St. Louis County, and only technical objections will be considered now, Bell said.