Veridium Environmental Corp. announced the completion of its acquisition of the Environmental Services Division of R.M. Jones & Co., Inc., Enviro-Safe, Corp., and Metal Recovery Transportation, Corp.
Jones, Enviro-Safe, MRTC, Vulcan Waste Systems, Inc. (another recently completed acquisition), and KBF Pollution Management, Inc., Veridium's current parent company, will all be consolidated into Veridium Corp. upon the completion of its merger with KBF.
Upon completion of the Veridium-KBF merger, Veridium will develop its markets organically and acquisitively as a premier environmental services provider that uses state-of-the-art green technologies to recycle and mine commodities from industrial hazardous wastes.
"We are thrilled by the completion of these acquisitions and their dramatic impact on our business model. We have worked very hard for a long time to bring these events to fruition and we are very excited by the prospects of unleashing the Veridium brand into the markets," said Kevin Kreisler, Veridium's president and chief executive officer.
"With the completion of these acquisitions as well as our pending merger and AMEX listing, we will have created a strong environmental service company with a powerful competitive advantage in our green technologies," added Kreisler. "This advantage fuels our recycling capabilities and will be realized by the exceptionally talented people that come with each of these companies. Jones' and Enviro-Safe's operational and sales assets are some of the most talented in the industry and KBF's technical and engineering talent have proven that the safe and compliant recycling of hazardous waste on a large-scale is cost-effective. Taken with Veridium's seasoned senior management, we are all very much looking forward to growing an enduring and profitable company."Latest from Recycling Today
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