G.I. Industries in Simi Valley said it has agreed to acquire Conejo Enterprises, a Simi Valley company that owns several rubbish operations in the Los Angeles and Ventura counties.
G.I., which develops solid waste management companies, will exchange $7.1 million of its stock for 100% ownership of Conejo, which owns Simi Valley Rubbish Co., American Rubbish Co. and Conejo Valley Disposal. Conejo also owns G.I. Rubbish, which collects garbage in several Valley communities including Moorpark and Thousand Oaks.
The deal is subject to shareholder approval.