BFI Canada Completes Acquisition Of Ridge Landfill

Toronto, Ontario -- BFI Canada Income Fund today announced that it has successfully completed the purchase of the Ridge landfill from Waste Management of Canada Corporation in a transaction valued at Cdn$110 million. The completion of this transaction follows regulatory approval from the Competition Bureau and was in accordance with the terms previously announced.

With an annual permitted capacity of 680,000 tonnes, the Ridge landfill provides an important and ongoing solution to Ontario's non-hazardous, solid waste management challenge. By acquiring it, BFI Canada will be able to increase internalization of volumes and further enhance its market presence in Ontario while delivering immediate and long-term economic benefits to its unitholders.

"We are delighted to be able to add the Ridge landfill to our expanding footprint in southern Ontario because it enables us to optimize performance of our existing collection operations by internalizing volumes and achieving a higher degree of vertical integration," said Keith Carrigan, President and CEO of BFI Canada. "The Ridge landfill acquisition rounds out BFI's base platform in Ontario, provides a long-term disposal solution for industrial, commercial and institutional (IC&I) waste generated from the southern Ontario market, and is immediately accretive to unitholders."

About BFI Canada
BFI Canada Income Fund, through its subsidiaries, is one of Canada's largest full-service waste management companies, providing non-hazardous solid waste collection and landfill disposal services for municipal, commercial, industrial and residential customers in the provinces of British Columbia, Alberta, Manitoba, Ontario and Quebec. The Fund's units are listed on The Toronto Stock Exchange under the symbol BFC.UN. For more information on the Fund, visit www.bficanada.com.

Source: BFI Canada