text: The solid waste industry experienced a period of rapid consolidation in the late 1990's. During that time 
  we were able to grow signiÑcantly through acquisitions. However, acquisitions in the industry have slowed 
  considerably since late 1999. Despite this, we believe that the opportunity to grow through acquisitions still 
  exists, albeit at a slower pace than experienced in previous years, as a result of the following factors: 
  
  *Subtitle D Regulation.*Subtitle D of the Resource Conservation and Recovery Act of 1976, as 
  currently in eÅect, and similar state regulations have signiÑcantly increased the amount of capital, 
  technical expertise, operating costs and Ñnancial assurance obligations required to own and operate a 
  
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