Welcome to our dedicated page for Clean Harbors news (Ticker: CLH), a resource for investors and traders seeking the latest updates and insights on Clean Harbors stock.
Clean Harbors, Inc. (CLH) is the largest provider of environmental, energy, and industrial services in North America. It specializes in hazardous waste disposal, serving a diverse customer base that includes a majority of Fortune 500 companies, various smaller private entities, and numerous federal, state, provincial, and local governmental agencies. The company’s core services encompass the collection, packaging, transportation, recycling, treatment, and disposal of both hazardous and non-hazardous waste.
Clean Harbors also offers a wide array of environmental cleanup services, available both on a scheduled and emergency response basis. These services are extended to customer sites or other specific locations. Additionally, the company provides industrial and specialty services like high-pressure and chemical cleaning, catalyst handling, decoking, material processing, and industrial lodging services. These are particularly tailored to refineries, chemical plants, pulp and paper mills, and other industrial facilities.
The company's business is divided into two main segments: Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment is the primary revenue generator, providing parts cleaning and related environmental services to commercial, industrial, and automotive customers.
In recent developments, Clean Harbors announced the acquisition of HEPACO, LLC, a leading provider of emergency response and scheduled environmental services, for $400 million. This acquisition aims to expand Clean Harbors’ geographical reach and service offerings. HEPACO operates from over 40 service centers throughout the Eastern United States, employing approximately 1,000 people. The acquisition is expected to accelerate HEPACO’s growth initiatives and enhance its service capabilities.
With a strong commitment to environmental sustainability and safety, Clean Harbors continues to lead in providing comprehensive waste management solutions and industrial services. The company’s notable partnerships and continuous expansion underscore its significant role in the industry.
Clean Harbors, a leading provider of environmental and industrial services in North America, announced participation in two upcoming investor conferences. The events include the Oppenheimer 18th Annual Industrial Growth Conference on May 9, 2023, at 1:30 p.m. ET, and the Goldman Sachs Industrials and Materials Conference on May 10, 2023, at 11:35 a.m. ET. Investors can access live or archived webcasts of the presentations on the Clean Harbors website. Founded in 1980 and headquartered in Massachusetts, Clean Harbors serves a diverse range of clients, including many Fortune 500 companies, by offering services such as hazardous waste management and industrial cleaning. For further details, visit www.cleanharbors.com.
Trex Company, Inc. (NYSE:TREX), a leader in eco-friendly composite decking, announced the appointment of Melkeya McDuffie as an independent member of its Board of Directors. Effective immediately, McDuffie brings extensive experience in human resources from her current role as Chief Human Resources Officer at Clean Harbors (NYSE:CLH). Her background includes senior positions at Waste Management and The Wallace Foundation. CEO Bryan H. Fairbanks stated that McDuffie's expertise in corporate strategy and talent development aligns with Trex’s commitment to organizational growth. Following her appointment, the board consists of ten members, with eight being independent. Trex continues to be recognized as a top brand in sustainable decking solutions.
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