Clean Harbors To Buy Evergreen Oil For $60 Mln Cash - Quick Facts

(RTTNews) - Clean Harbors, Inc. (CLH) reported acquiring California-based environmental services company Evergreen Oil, Inc. out of bankruptcy through the U.S. Bankruptcy Court for the Central District of California. Clean Harbors is funding the $60 million transaction through available cash on its balance sheet.

The Evergreen Oil acquisition expands Clean Harbors' geographic footprint in re-refining to include coverage in the Western U.S. - complementing its Indiana facility in the Midwest and Breslau facility in Eastern Canada; provides Clean Harbors with the second-largest collector of waste oil in California; and provides Clean Harbors with a number of valuable ancillary waste assets, including a permitted Treatment, Storage and Disposal Facility.