We expect the transaction to drive a substantial increase in waste volumes into our waste disposal treatment network. “Safety-Kleen brings well-established leadership positions in several important markets, including parts cleaning, small quantity waste generators and used oil recycling. McKim, Chairman and Chief Executive Officer. “The acquisition of Safety-Kleen aligns perfectly with our strategy of expanding our Environmental Services business in North America,” said Alan S.
Clean Harbors purchased Safety-Kleen in an all-cash transaction valued at approximately $1.25 billion, financed through the combination of $289 million of existing cash, $370 million in net proceeds from its recently completed follow-on offering of common stock and $591 million in net proceeds from its recently completed Senior Notes offering. NORWELL, MASSACHUSETTS - Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental, energy and industrial services throughout North America, today announced the completion of its acquisition of Safety-Kleen, Inc., a leading provider of parts cleaning and environmental services and the largest re-refiner and recycler of used oil in North America. Provides Significant Cross-Selling Opportunities.Drives Substantial Increase in Waste Volumes.Transaction Broadens Clean Harbors Waste Treatment and Recycling Capabilities.Clean Harbors Completes Acquisition of Safety-Kleen >
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