SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
April 1, 1995
Date of Report
(Date of Earliest Event Reported)
Continental Waste Industries, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-22602 11-2909512
(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
67 Walnut Avenue, Suite 103
Clark, New Jersey 07066
(Address of Principal Executive Offices)
Registrant's Telephone Number, Including Area Code:(908)396-0018
Item 2. Acquisition or Disposition of Assets.
In 1995, from April 1, to August 15, Continental Waste
Industries, Inc. (the "Company"), has expanded its operations
through the acquisition of eight businesses engaged in the waste
management businesses. Each of these transactions have been
accounted for using the purchase method of accounting. These
entities included ASCO Sanitation, Inc., Larry's Disposal, Inc.,
Terre Haute Recycling, Inc., Gilliam Sanitation, Inc., Gilliam
Transfer, Inc., Anderson Refuse Company, Inc., M.V. Dulworth, and
an 80% interest in Procesa Continental S.A., de C.V.
The aggregate purchase price of these businesses was $7.9
million, plus the assumption or refinancing of $2.1 million of
debt and $1.0 million of contingent payments. The purchase
prices were paid by issuing 67,020 shares of the Company's Common
Stock with a market value of $797,000 at the time of issuance and
cash obtained from the Company's Revolving Credit Line of $4.8
million.
None of these transactions have been individually
significant, each with a purchase price and assets less than 10%
of the Company's December 31, 1994 assets and each with
historical income or loss before income taxes of less than 10% of
the Company's income taxes for the year ended December 31, 1994.
In addition, the aggregate of these transactions is less than 10%
of the measures described above except for the aggregate of the
absolute values of the incomes and losses before income taxes of
these entities which total more than 10% but less than 20% of the
Company's 1994 income before income taxes.
Item 7. Financial Statements and Exhibits.
The pro forma financial information for the entities
acquired by the Company, as set forth in Item 2, is not yet
available and will be filed within 60 days from the filing of
this report.
SIGNATURE:
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
Continental Waste Industries, Inc.
By: /s/ Carlos E. Aguero
Director, President and Chief
Executive Officer
Dated: August 28, 1995
