NuEarth Corporation (Pink Sheets:NUEC), a manufacturer and marketer of “Clean & Green” products and technology, has concluded its acquisition of AB Technology, SA of Lokeren, Belgium. (AB Tech). AB Tech is a Northern European provider of “green” biodegradable cleaners and paint strippers. AB Tech’s sales for 2009 were in excess of $4 million.
This merger of NuEarth and AB Tech marks a major milestone in the product offerings now available to their respective clients. Currently, a large number of industries, institutions and public sectors enhance their environments with solutions offered by the two organizations. Bringing them together provides a powerful platform for innovating and supporting the needs of their clients. The combined savings from the synergies will yield $2.1M to the bottom line while the addition product mix will add $7.5M to the top line.
“NuEarth Corporation is the US exclusive distributor of NuSoil; AquaSolv; Dustblock; and Roadbinder. Through this combination NuEarth now will become the exclusive distributor for ABTech’s line of biodegradable cleaners and strippers,” said Alfon Rosalini, Senior Vice President of NuEarth. “The combination will greatly strengthen NuEarth by accelerating the growth strategy and enhancing the brand portfolio of the company. This will clearly be a win for both companies’ customers while significantly enhancing value for all shareholders. We will have a total combined global footprint and the leading service organization in the industry capable of a major expansion to serve the needs of both our existing and future customers.”
Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental, energy and industrial services and hazardous waste management services throughout North America, will provide a live webcast of its Investor Day on Thursday, September 16, 2010, from approximately 8:30 a.m. to 12:30 p.m. (EDT).
All interested parties are invited to listen as Chairman and Chief Executive Officer Alan S. McKim, Chief Financial Officer James M. Rutledge and four additional members of the executive management team provide an overview of the Company�s businesses, growth strategy and industry outlook through a series of presentations, followed by a question-and-answer session. The live webcast can be accessed in the Investor Relations section of the Company�s website. For those unable to listen to the live presentations, the event will be archived and available on the Company�s website.
Clean Harbors is the leading provider of environmental, energy and industrial services and hazardous waste management services throughout North America. The Company serves more than 50,000 customers, including a majority of the Fortune 500 companies, thousands of smaller private entities and numerous federal, state, provincial and local governmental agencies.
Headquartered in Norwell, Massachusetts, Clean Harbors has more than 175 locations, including over 50 waste management facilities, throughout North America in 36 U.S. states, seven Canadian provinces, Mexico and Puerto Rico. The Company also operates international locations in Bulgaria, China, Sweden, Singapore, Thailand and the United Kingdom.
Eastman Chemical Company (NYSE:EMN) will launch a new polymer for sheet and injection-molded faceshield applications. Eastman Tritan copolyester is an innovative clear polymer that delivers high-impact strength and chemical resistance to compete with polycarbonate (PC) in faceshield, visor and mask applications for the motorcycle, industrial, sports, medical and military industries.
Eastman Tritan copolyester is available for faceshield applications, marketed within Spartech�s ULTRATUF brand. Spartech ULTRATUF FS sheet made with Tritan is transparent and available in gauges up to 75 mil.
�We are committed to providing value-added solutions to our customers,� said Janet Mann, chief technology officer, Spartech. �With ULTRATUF FS sheet made with Eastman Tritan copolyester, we are able to offer our customers significant property advantages over polycarbonate faceshields, including easy processing and fabrication opportunities, which support our commitment to deliver the highest standards of quality and innovation. ULTRATUF FS sheet further enhances our product portfolio, allowing Spartech to be a full-service provider of thermoplastic sheet and film in the face protection market.�
Eastman Tritan copolyester combines the advantages of traditional copolyester sheet, such as clarity and chemical resistance, with enhanced toughness, heat resistance and ease of coating and fabrication, as the sheet does not require drying. This combination of properties allows manufacturers to meet the growing need for advanced chemical resistance in faceshields while avoiding the crazing, whitening and other side effects related to chemical exposure that can impair vision.
�Chemical resistance specifications are becoming increasingly important, especially in industrial safety and military applications, and any change in the surface of a protective faceshield can impair vision and be considered a material failure,� said Eastman�s Lucian Boldea, business director, Specialty Plastics Business Organization. �Eastman Tritan copolyester satisfies previously unmet needs in industry safety applications by delivering a durable, clear material with excellent chemical resistance.�
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