Clean Harbors, Inc.

NYSE:CLH   3:59:59 PM EDT
93.56
+0.45 (+0.48%)
4:00:00 PM EDT: $93.58 +0.02 (+0.02%)
Other Pre-Announcement, Mergers / Acquisitions

Clean Harbors Signs Definitive Agreement To Acquire Used Motor Oil Collection And Re-Refining Assets From Vertex Energy

Published: 06/29/2021 21:43 GMT
Clean Harbors, Inc. (CLH) - Clean Harbors Signs Definitive Agreement to Acquire Used Motor Oil Collection and Re-refining Assets From Vertex Energy.
Clean Harbors - to Acquire Certain Assets Related to Vertex's Used Motor Oil Collection, Re-refinery Business in an All-cash Transaction for $140 Million.
Clean Harbors - Expects Acquired Assets to Achieve Adjusted EBITDA in First Full Year of Operations of at Least $15 Million.
Clean Harbors - Deal Involves 17 Service Branches Throughout Midwest, Gulf Coast, Supported by About 200 Employees, Fleet of Collection Vehicles.
Clean Harbors - Vertex Assets Being Acquired Include 20-million-gallon Re-refinery in Columbus, Ohio, 69-million-gallon Re-refinery in Marrero, Louisiana.