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Slide #9. Vertex Energy, Inc. — Used Oil Re-Refining Assets from Omega Holdings Company
Vertex Energy, Inc. (NASDAQ:VTNR)
Used Oil Re-Refining Assets from Omega Holdings Company
Vertex Energy, Inc. (NASDAQ:VTNR), an environmental services company that recycles industrial waste streams and off-specification commercial chemical products, announced today the first of two closings related to its previously announced acquisition of the assets of Omega Holdings Company, LLC and certain of its wholly-owned subsidiaries ("Omega"). A follow on closing is anticipated to take place during the third quarter of 2014.
Vertex Energy is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Co. has three segments: Black Oil, which collects and purchases used motor oil directly from third-party generators, aggregates used motor oil, and sells used motor oil to its customers for use as a feedstock or replacement fuel for industrial burners; Refining and Marketing, which aggregates and manages the re-refinement of used motor oil and other petroleum by-products and sells the re-refined products to end customers; and Recovery, which includes a generator solutions company for the proper recovery and management of hydrocarbon streams.
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Buy (3.33 out of 4)
(ranked higher than approx. 53% of all stocks covered)
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