KBF Pollution Management, Inc. announced the acquisition of Vulcan Waste Systems, Inc., a manufacturer of industrial and hazardous waste processing equipment, and the execution of a purchase and sale agreement for the acquisition of the Environmental Services Division of R.M. Jones & Co., Inc.
The Vulcan acquisition brings substantial assets to KBF, including two new hazardous waste incineration facilities. Each plant is expected to have an annual processing capability of more than three times that of KBF's existing hazardous waste recycling facility\in Paterson, New Jersey.
Each plant can also be used to apply KBF's proprietary recycling technologies, which can recycle and mine selected inorganic hazardous wastes on-site at contaminated properties. These new plants are expected to be brought online as appropriate sites are located and permitting is completed.
KBF further announced the execution by its subsidiary of a purchase and sale agreement for the acquisition of the Environmental Services Division of R.M. Jones and expects to close on this acquisition later this month.
Kevin Kreisler, KBF's president said "The consolidation of KBF, Vulcan and Jones will instantly catalyze our business model, and restructure and transform KBF into a leading environmental service provider with a broad array of unique offerings and a substantially strengthened balance sheet. We expect the consolidated organization to increase penetration in the regional markets through organic development and to expand into new contiguous markets through the acquisition of qualified regional hazardous waste service companies. We are very excited by these and other ongoing significant initiatives and their anticipated impact on our business model," added Kreisler.