US Ecology Inc. (ECOL: Quote) has agreed to acquire Dynecol Inc, a subsidiary of PVS Chemicals, for $11.25 million. Dynecol owns and operates a permitted Treatment, Storage and Disposal facility located in Detroit, Michigan.
US Ecology will fund the acquisition using borrowings from its existing credit agreement. The closing of the acquisition is expected to be completed before June 1, 2012. The acquisition is expected to be neutral to 2012 earnings after transaction costs are excluded and accretive thereafter.
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by RTT Staff Writer
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