Vertex Energy, Inc., an environmental services company that recycles industrial waste streams and off specification commercial chemical products, has announced that it has sold its Nevada re-refinery facility, located in Churchill County, to Clean Harbors, Inc. for US$35 million, of which approximately US$14 million was immediately used at closing to purchase the facility and equipment previously leased by Vertex Energy in order to facilitate such sale.
Benjamin P. Cowart, Chairman and CEO of Vertex Energy, said, “This transaction benefits Vertex Energy in a variety of ways, not the least of which is by strengthening our balance sheet.
