Covanta Holding Corp. has paid $48.6 million for a incinerator in Camden, the Morristown, N.J., company said this week. The Camden facility last year turned about 319,000 tons of waste into more than 146,000 megawatt hours of renewable electricity, Covanta said.
The plant employs 50. Covanta also owns similar facilities in Chester and Conshohocken.
The seller was Foster Wheeler A.G., a Swiss company with corporate offices in Clinton, N.J.
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