Waste Management to Acquire Controlling Interest in Avangard Innovative's U.S. Business
Vinson & Elkins advised Avangard Innovative in a strategic transaction with Waste Management, through which Waste Management will acquire a controlling interest in Avangard Innovative’s U.S. business, which will operate as Natura PCR – an independent company expected to scale and grow recycling capacity to produce an estimated 400 million pounds per year of post-consumer resin in five years.
The V&E corporate team was led by partner Lande Spottswood and senior associate David Bumgardner; with assistance from associates Matthew Fiorillo, Melissa Sanchez and Ryan Polk. Also advising were senior associate Caitlin Snelson and associate Natalie Harrison; partner Michael Kurzer and associates Marcus Martinez and Ricky Legg; partner Jason McIntosh, counsel Allyson Seger and associates Dan Henderson and Keleigh Carver; partner David D’Alessandro and associates Hayden Rutledge and Keira Kuntz; partner Sean Becker and counsel Martin Luff; counsel Scot Dixon; partner Matthew Dobbins and associate Simon Willis; partner Robert Hughes and associates Bobbi Worbington and Jimmy Chalk; partner Hill Wellford, counsel David Smith and senior associate Ryan Will; senior associate Megan Menniti; and partner Sarah Mitchell.
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