LOS ANGELES, CA, Jan. 5, 2009 -- SouthWest Water Company announced the sale of its wholesale wastewater business in Texas. Net cash proceeds were $2.8 million.
As previously announced, the company decided to divest its underperforming Texas-based wholesale water and wastewater businesses at the end of 2007. As a result, these businesses have been reflected as discontinued operations with the related assets and liabilities as held for sale in its financial statements. The wastewater treatment plant sold represents a portion of these assets and liabilities.
SouthWest Water Company provides a broad range of operations, maintenance and management services, including water production, treatment and distribution; wastewater collection and treatment; customer service; and utility infrastructure construction management.
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