PLANO, Texas, March 24 /CNW/ -- Safety-Kleen Systems, Inc., a leading
North American provider of environmental services and industrial solutions,
announced the sale of its solvent recycling facilities in Chicago, IL, and
Hebron, OH, to Clean Harbors for $12.5 million in cash, as well as the
assumption of approximately $3 million in environmental liabilities.
"Although our strategic plan is to pursue acquisitions to accelerate our
growth, realize operating synergies and enhance our market position, selling
off non-core or underutilized assets will also help us realize operating
synergies," said Frederick J. Florjancic, CEO and president of Safety-Kleen.
"We are confident that our acquisition and divestiture activities better
position us for both the near and long-term outlook."
Florjancic also said that Safety-Kleen will continue to grow its oil
services, industrial cleaning and environmental services, both organically and
Safety-Kleen, a privately held company, is the largest collector and
re-refiner of used oil and provider of parts cleaning services in North
America, and a leading provider of other environmental services. The company's
approximately 4,500 employees serve more than 400,000 customer locations in
the United States, Canada, Mexico and Puerto Rico. Please visit
http://www.safety-kleen.com for more information.
For further information:
For further information: John Kyte, +1-972-265-2030, for Safety-Kleen
Systems, Inc. Web Site: http://www.safety-kleen.com