August 03, 2009 - Boston, MA
For more information contact: Joanne Thorud
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Davis Malm attorneys C. Michael Malm, John D. Chambliss, and Daniel T. Janis represented long-standing client Clean Harbors, Inc. (NYSE: CLH) in its acquisition of Canada-based Eveready Inc. (TSX: EIS). Clean Harbors acquired 100% of Eveready’s outstanding common shares in exchange for $56 million of cash, $118 million in Clean Harbors’ common stock, and the assumption of approximately $235 million of Eveready debt. Clean Harbors anticipates that the acquisition will significantly expand its range of services, broaden the company’s geographic footprint, and increase its presence in Canada. Alan McKim, Clean Harbors’ Chairman and Chief Executive Officer, has said that "this transaction sets a strong foundation for our growth in the years ahead" and that the acquisition is anticipated to "greatly benefit Clean Harbors and [its] shareholders."
Clean Harbors is the leading provider of environmental, energy, and industrial services throughout North America. Clean Harbors now serves over 50,000 customers, including the majority of Fortune 500 companies, thousands of smaller private entities and many federal, state, and local governmental agencies. Located in Norwell, Massachusetts, it has 175 locations strategically positioned throughout North America in 36 U.S. states, Canadian, Mexico, Puerto Rico, as well as locations in Europe and Asia. (Please visit www.cleanharbors.com for more information.) Prior to the acquisition, Eveready Inc. provided industrial maintenance and production, lodging, and exploration services to the oil and gas, chemical, pulp and paper, manufacturing and power generation industries.
Davis Malm is not only proud to have represented Clean Harbors in this transaction but also to serve as its counsel since the company’s initial formation in 1980.
About Davis, Malm & D'Agostine, P.C.
Founded in 1979, Davis Malm is a premier mid-sized, full-service New England firm. The firm provides sophisticated, cost-effective legal representation to local, national, and international public and private businesses, institutions, and individuals in a wide spectrum of industries. The attorneys at the firm practice at the top level of the profession and deliver successful results to clients through direct partner involvement, responsive client service, and practical and creative problem solving.
Davis Malm is not only proud to have represented Clean Harbors in this transaction but also to serve as its counsel since the company's initial formation in 1980.