deals, Manufacturing, acquisitions

Clean Harbors Buys Eveready for $387M

Wade Roush 4/29/09

In a major acquisition that expands its reach across North America, Norwell, MA-based waste management company Clean Harbors (NYSE: CLH) said today that it has agreed to acquire Edmonton, Alberta-based Eveready Inc. The Canadian firm provides maintenance, lodging, and exploration services to a range of companies in the oil and gas, chemicals, paper, manufacturing, and power generation businesses. Clean Harbors said it will pay $387 million for Eveready using a combination of cash, stock, and assumed debt.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.