Wastewater-treatment firm Heckmann (HEK) intends to buy privately held Power Fuels for $381M in...

|By:, SA News Editor

Wastewater-treatment firm Heckmann (HEK) intends to buy privately held Power Fuels for $381M in cash and stocks. The deal will strengthen Heckmann's position in the area of fracking, for which it provides water and equipment. Heckmann CEO Richard Heckmann calls the acquisition his "I-told-you-so" moment to those who had queried his recent moves. (PR)