HERSHEY, Pa. — Pennsylvania American Water, a subsidiary of American Water, announced the acquisition of a municipal wastewater system in Beaver County in western Pennsylvania.

The purchase price of the newly acquired system is approximately $1.8 million.

The system provides wastewater collection and treatment services to approximately 500 customers in Koppel Borough and a portion of Big Beaver Borough.

Pennsylvania American Water already supplies drinking water service to residents in both boroughs.

"An important benefit of this transaction is the greater efficiency we will achieve through economies of scale by supplying both water and wastewater service to this community, while providing the expertise needed to meet increasing regulatory standards," said Pennsylvania American Water President Kathy L. Pape.

Read the entire press release here.