PLANO, Texas, March 24 /PRNewswire/ -- 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 by acquisitions.
About Safety-Kleen 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. DATASOURCE: Safety-Kleen Systems, Inc.
CONTACT: John Kyte, +1-972-265-2030, for Safety-Kleen Systems, Inc.
Web site: http://www.safety-kleen.com/
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