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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Clean Harbors To Acquire Evergreen Oil 0 comments
    Sep 16, 2013 10:40 AM | about stocks: CLH

    Originally published at www.seclive.com

    Clean Harbors, Inc. (NYSE: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.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CLH
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