KBF Makes Acquisition

KBF Pollution Management, Inc. announced its plans to acquire Enviro-Safe Corp. and Metal Recovery Transportation, Corp. as part of its ongoing consolidation with Veridium Corporation. The deals bring assets and resources crucial to the formation of Veridium's transportation and field service units.

Under the terms of the agreements, KBF will acquire both companies for a combination of equity, debt and the assumption of certain liabilities. Both acquisitions are scheduled to close later this month in conjunction with the company's completion of its acquisition of the Environmental Services Division of R.M. Jones & Co., Inc. Upon completion of these acquisitions, KBF will be consolidated with R.M. Jones, Vulcan Waste Systems, Enviro-Safe and Metal Recovery Transportation into Veridium.