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Clean Harbors, Inc. Message Board

  • adspatz adspatz Sep 16, 2013 10:43 AM Flag

    Clean Harbors to acquire Evergreen Oil

    Search for "SEC Live Filings Digest" to find out more.
    Clean Harbors, Inc. (CLH) announced it has acquired Evergreen Oil, Inc. for $60M by brining the company out of bankruptcy. Evergreen is one of the state of California’s largest waste oil collectors and also runs the only re-refinery in the state. The Massachusetts-based Clean Harbors believes this move will be a vehicle for profitable opportunities and intends to capitalize on the assets and customer accounts Evergreen has established. Clean Harbors Chairman and CEO Alan McKim remarked that the purchase price is a bargain for its shareholders and that this purchase serves as a great way to gain entry to the California market, a long sought area the company has wanted to expand. McKim sees a vast amount of potential in the acquisition and is optimistic as to the future path of the company.

 
CLH
51.40+0.56(+1.10%)May 27 4:00 PMEDT