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BUSINESS
July 16, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
A year ago, GI Industries in Simi Valley had good news to report: Republic Waste Industries in Houston had tentatively agreed to buy GI for $3.50 a share, or a total of $15 million, in Republic Waste stock. For Republic Waste--a company twice GI's size--the purchase of GI was supposed to give it a beachhead in the Southern California waste-disposal market, because GI is the largest hauler of residential trash in eastern Ventura County with nearly 50,000 customers.
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CALIFORNIA | LOCAL
November 5, 1996 | DAVID R. BAKER, SPECIAL TO THE TIMES
Concerned that they don't know who exactly would collect Moorpark's trash, City Council members are rethinking their decision to transfer the city's exclusive garbage-hauling contract. The council voted to let G.I. Industries--which collects trash in Moorpark, Simi Valley, Thousand Oaks and parts of the unincorporated county--transfer its contract to U.S.A. Waste Services, a Dallas-based firm hoping to buy G.I. The sale of G.I. is part of the company's bankruptcy reorganization.
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BUSINESS
August 25, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
For GI Industries Inc., the largest hauler of residential trash in eastern Ventura County, last week should have been a time of celebration. After all, GI won a potentially lucrative legal fight stemming from its failed merger with Republic Waste Industries Inc. two years ago. But the victory came too late. GI, straining under the weight of more than $14 million of debt, was also forced last week to file under Chapter 11 of the federal bankruptcy laws.
CALIFORNIA | LOCAL
September 25, 1996 | DAVID R. BAKER and SCOTT HADLY, SPECIAL TO THE TIMES
A local trash-hauling company may try to transfer its contract to pick up garbage in Thousand Oaks to another hauler, even though the City Council last week unanimously rejected such a move, a lawyer for the firm said Tuesday. G. I. Industries, which is being purchased by a larger firm, may ask a federal bankruptcy judge for permission to transfer its waste disposal contract to the purchasing firm against the city's wishes, attorney Andrew Caine said.
BUSINESS
July 9, 1991
G.I. Industries, a major rubbish collector in eastern Ventura County, has entered into an agreement to be bought by Western Waste Industries, a Carson-based waste collection company. G.I. said the deal is valued at about $22 million, but much of that includes G.I.'s debts that Western Waste has agreed to assume. Under the terms of the buyout, G.I. shareholders will receive one share of Western common stock plus $4 for every 20 shares of G.I. common stock they own. Members of G.I.'
BUSINESS
August 3, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
A year ago, GI Industries in Simi Valley had good news to report: Republic Waste Industries in Houston had tentatively agreed to buy GI for $3.50 a share, or a total of $15 million, in Republic Waste stock. For Republic Waste--a company twice GI's size--the purchase of GI was supposed to give it a beachhead in the Southern California waste-disposal market, because GI is the largest hauler of residential trash in eastern Ventura County with nearly 50,000 customers.
BUSINESS
May 19, 1992
It is hard to believe that justice was served in the manner that the jury handed down the (Rodney G. King trial) verdict. It is no longer hard to believe that our government officials and leaders, including minority leaders, are so willing to continue to perpetuate the ineffective and irresponsible practice of dumping millions of dollars into riot areas without a plan and without someone specifically designated to be accountable for that money.
BUSINESS
September 22, 1987
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.
BUSINESS
July 10, 1990
No management or service changes are planned by GI Industries, a major rubbish hauler in eastern Ventura County, after the company's agreement to be bought by Republic Waste Industries for $15 million in stock. GI, with nearly 50,000 customers in Simi Valley, Moorpark and Thousand Oaks, will retain its name and continue to be headed by Manuel Asadurian Sr. after the merger is completed, said Daniel Van Rossen, GI's chief financial officer.
CALIFORNIA | LOCAL
April 23, 1996 | SCOTT HADLY, SPECIAL TO THE TIMES
A federal bankruptcy judge said Monday she will allow the sale of Ventura County's second largest trash company to a Torrance-based rival, as long as officials from the county, Thousand Oaks, Moorpark and Simi Valley agree. Judge Robin Riblet said she would let Western Waste Industries take over Simi Valley-based GI Industries, which has exclusive contracts to pick up trash in the three cities and the unincorporated portions of eastern Ventura County.
CALIFORNIA | LOCAL
March 29, 1996 | SCOTT HADLY, SPECIAL TO THE TIMES
Saddled with debt, the family who owns and operates Ventura County's second-largest waste hauling company has announced plans to sell all its stock in the firm to a Torrance-based rival. If approved by a bankruptcy judge, the deal would allow Western Waste Industries to take over GI Industries, which hauls trash for Thousand Oaks, Moorpark and Simi Valley.
CALIFORNIA | LOCAL
November 1, 1995 | SCOTT HADLY, SPECIAL TO THE TIMES
Nervous that Scott Montgomery's testimony before the Ventura County grand jury could taint the city's ongoing negotiations with a local trash hauler, Moorpark City Council members want the district attorney to turn over any pertinent information disclosed behind closed doors. "We don't know if there's anything there," said Councilman John Wozniak. "But we should be in a position to obtain information if it would have some bearing on our negotiations." Montgomery pleaded guilty Oct.
CALIFORNIA | LOCAL
May 5, 1995 | SCOTT HADLY, SPECIAL TO THE TIMES
County prosecutors are investigating whether a $3,500 loan was paid to Moorpark City Councilman Scott Montgomery in 1993 by an official from the east county's largest trash hauler, The Times has learned. Investigators from the district attorney's political corruption unit also have obtained documents relating to a $12,000 payment made to Montgomery for computer services the previous year by a company that had been a subsidiary of the trash hauling firm--G.I. Industries.
BUSINESS
August 25, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
For GI Industries Inc., the largest hauler of residential trash in eastern Ventura County, last week should have been a time of celebration. After all, GI won a potentially lucrative legal fight stemming from its failed merger with Republic Waste Industries Inc. two years ago. But the victory came too late. GI, straining under the weight of more than $14 million of debt, was also forced last week to file under Chapter 11 of the federal bankruptcy laws.
BUSINESS
May 19, 1992
It is hard to believe that justice was served in the manner that the jury handed down the (Rodney G. King trial) verdict. It is no longer hard to believe that our government officials and leaders, including minority leaders, are so willing to continue to perpetuate the ineffective and irresponsible practice of dumping millions of dollars into riot areas without a plan and without someone specifically designated to be accountable for that money.
BUSINESS
May 8, 1990
G.I. Industries, continuing a restructuring plan to pare its operating losses and debt, said it sold about 40% of its lease portfolio and some real estate that enabled the Simi Valley company to cut its long-term debt by $9 million. G.I. is primarily a rubbish collector for about 40,000 customers in Ventura and Los Angeles counties. The company diversified in the late 1980s into areas such as equipment leasing, but it is now shedding many of those assets after suffering losses.
BUSINESS
August 3, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
A year ago, GI Industries in Simi Valley had good news to report: Republic Waste Industries in Houston had tentatively agreed to buy GI for $3.50 a share, or a total of $15 million, in Republic Waste stock. For Republic Waste--a company twice GI's size--the purchase of GI was supposed to give it a beachhead in the Southern California waste-disposal market, because GI is the largest hauler of residential trash in eastern Ventura County with nearly 50,000 customers.
BUSINESS
July 16, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
A year ago, GI Industries in Simi Valley had good news to report: Republic Waste Industries in Houston had tentatively agreed to buy GI for $3.50 a share, or a total of $15 million, in Republic Waste stock. For Republic Waste--a company twice GI's size--the purchase of GI was supposed to give it a beachhead in the Southern California waste-disposal market, because GI is the largest hauler of residential trash in eastern Ventura County with nearly 50,000 customers.
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