July 9, 2007—Clean Harbors, Inc., a leading provider of environmental and hazardous waste management services throughout North America , has reached a definitive agreement to acquire certain assets owned by Romic Environmental Technologies Corporation, including seven service centers.
This agreement will expand Clean Harbors’ presence in the Northwest and Southwest United States. Terms of the agreement were not disclosed.
Romic, based in East Palo Alto, California, specializes in the collection and recycling of both hazardous and non-hazardous waste materials. Clean Harbors is not acquiring Romic’s facilities in East Palo Alto, California and Chandler, Arizona, but will redirect Romic customer waste streams to Clean Harbors’ comprehensive network of facilities. Clean Harbors expects to generate revenues of approximately $25-$30 million from the acquired assets in the first year after the acquisition.
Clean Harbors has more than 100 locations strategically positioned throughout North America in 36 US states, six Canadian provinces, Mexico and Puerto Rico. For more information, visit the Web site.
