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News Update

Clean Harbors to acquire Safety-Kleen

Staff report

Clean Harbors Inc. and Safety-Kleen Inc. signed a definitive agreement under which Clean Harbors will acquire Safety-Kleen for $1.25 billion in cash. Clean Harbors has received a financing commitment from Goldman Sachs to do the deal and is considering additional financing options that may include a combination of cash, debt and equity.

The acquisition of Safety-Kleen and its 200 facilities in North America will fulfill a number of Clean Harbors’ strategic objectives. The deal is subject to approval by U.S. and Canadian regulators.

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