American Water has agreed to acquire all of the issued and outstanding capital stock of the Environmental Disposal Corporation.
EDC provides wastewater service to the more than 5,300 customer accounts, which are located in EDC’s service territory in Bedminster and Bernards townships, New Jersey. In addition, EDC provides retail wastewater treatment to the Boroughs of Far Hills, Peapack, Gladstone and portions of Bedminster, outside EDC’s service territory, on the basis of long-term contracts.
Financial terms of the sale were not disclosed.
Last month American Water formed a partnership with LG Sonic to perform ultrasonic algae control in water treatment plants.