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Slide #24. Clean Harbors, Inc. — Safety-Kleen, Inc.
Clean Harbors, Inc. (NYSE:CLH)
Clean Harbors, Inc., the leading provider of environmental, energy and industrial services throughout North America, announced it has signed a definitive agreement to acquire Safety-Kleen, Inc., the largest re-refiner and recycler of used oil in North America and a leading provider of parts cleaning and environmental services. Under the terms of the agreement, Clean Harbors will purchase Safety-Kleen in an all-cash transaction valued at $1.25 billion. The acquisition is subject to approval by U.S. and Canadian regulators, as well as other customary closing conditions. The transaction is expected to be completed by year-end.
Clean Harbors is a provider of environmental and industrial services throughout North America. Co. collects, transports, treats and disposes of hazardous and non-hazardous waste, including resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemical disposal, explosives management and CleanPack® services. Co.'s Safety-Kleen business provides an array of environmental services and complementary products to a range of customers including automobile repair shops, car and truck dealers, metal fabricators, machine manufacturers, fleet maintenance shops and other automotive, industrial and retail customers.
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Strong Buy (3.50 out of 4)