Sections
Shortcuts
News

Clean Harbors acquires Evergreen Oil for $60M

This is a summary. To read the whole story subscribe to BostonGlobe.com

NORWELL — Clean Harbors Inc., the environmental services company, said Monday that it is buying Evergreen Oil Inc. out of bankruptcy proceedings for $60 million in cash.

Evergreen Oil, which is based in California, also provides environmental services and recycles used oil. Clean Harbors said that buying the company will help the Norwell, Mass.-based company expand into Western states.

‘‘California is an attractive market for us, and Evergreen has a strong presence in the state,’’ said Alan McKim, Clean Harbors’ chairman and CEO, in a statement.

Full story for BostonGlobe.com subscribers.

Get the full story with unlimited access to BostonGlobe.com.

Just 99 cents for four weeks.

Sections
Shortcuts

Share