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Slide #6. Clean Harbors, Inc. — Evergreen Oil
Clean Harbors, Inc. (NYSE:CLH)
Clean Harbors, Inc. ("Clean Harbors") (NYSE:CLH), the leading provider of environmental, energy and industrial services throughout North America, today announced that it has acquired Evergreen Oil, Inc. out of bankruptcy through the U.S. Bankruptcy Court for the Central District of California. Evergreen Oil is a California-based environmental services company that is one of the state's largest collectors of waste oil and runs the only re-refinery in the state. Clean Harbors is funding the $60 million transaction through available cash on its balance sheet.
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)