Transtech Industries, Inc. Profile
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Transtech Industries, Inc. ("Transtech") was incorporated under the laws of the State of Delaware in 1965. Transtech is a public holding company which manages its investments and 21 subsidiaries (Transtech and its subsidiaries collectively referred to as the "Company").
Two subsidiaries conduct active operations that have been classified into two segments: the performance of environmental services and the generation and sale of electricity utilizing an alternative fuel, methane gas. The other inactive subsidiaries of the Company hold assets consisting primarily of cash and cash equivalents, real property and contract rights.
The environmental services segment provides construction, remedial and maintenance services at landfills, commercial and industrial sites, and manages methane gas recovery operations for both third parties and at certain sites previously operated by the Company. Services for third parties is performed by United Environmental Services, Inc.
The electricity generation segment generates electricity utilizing methane gas generated by a landfill site located in New Jersey. The electricity generating facility consists of four diesel/generating units each capable of generating approximately 11,000 kWh/day at 85% capacity. Electricity generated is sold pursuant to a contract with a local utility.
The Company and certain subsidiaries previously participated in the resource recovery and waste management industries. These activities included the hauling of wastes, and the operation of three landfills and a solvents recovery facility. The last of these operations ceased in 1987, but the Company continues to own and/or remediate the landfills and has both incurred and accrued for the substantial costs associated therewith.
The Company has also incurred significant litigation and administrative expenses in ongoing litigation related to its past activities in the resource recovery and waste management industries, its ongoing litigation against certain excess insurance carriers for reimbursement of past remediation expenditures, and past litigation before the U.S. Tax Court.
In order to pay its mounting legal costs and remediation obligations, from 1986 to 1996, the Company divested a number of its more significant businesses while the liability for remediation of waste disposal sites that the Company previously operated were being sorted-out among the responsible parties through extensive and complex litigation that involved a developing body of environmental law.
Please see the Company's financial reports and other filings with the Securities and Exchange Commission ("SEC") for detailed information regarding the Company's financial condition and operations.
Officers:
| Robert V. Silva | President and Chief Executive Officer |
| Andrew J. Mayer, Jr. | Vice President-Finance and Chief Financial Officer |
Subsidiaries of Transtech Industries:
| ACC Investment Co., Inc. | Kin-Buc, Inc. |
| Arrow Realty, Inc. | Kinsley's Landfill, Inc. |
| Birchcrest, Inc. | Mac Sanitary Landfill, Inc. |
| Camden Energy Recycling, Inc. | Methane Energy Recycling, Inc. |
| Chambers Brook, Inc. | Pennsylvania Continental Feed, Inc. |
| Del Valley Farms, Inc. | Red Robin Realty, Inc. |
| Delsea Realty, Inc. | Sandcrest, Inc. |
| Energy Recycling, Inc. | THV Acquisition Corp. |
| Filcrest Realty, Inc. | Transtown, Inc. |
| Genetic Farms, Inc. | United Environmental Services, Inc. |
| Harrison Returns, Inc. |
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