DAILY NEWS Apr 24, 2014 11:39 AM - 0 comments

US Medical waste leader acquires PSC Enviro Services for $275 million

TEXT SIZE bigger text smaller text
By: HazMat Staff
2014-04-24

Stericycle Inc. has announced its acquisition of PSC Environmental Services for $275 million.

PSC, which emerged from scandal and bankruptcy in 2000 after its reign as Philip Services Corporation, is a portfolio company of Lindsay Goldberg LLC and a leading provider of environmental and regulated waste management solutions.

Stericycle, meanwhile, focuses on the eco-friendly disposal of medical waste.

The acquisition will strengthen Stericycle's infrastructure and enhance the company's service offerings to its healthcare, retail and other regulated waste customers.

PSC Environmental's services will be integrated into Stericycle's portfolio of compliance offerings, combining market-leading solutions with expanded sales, operational and regulatory expertise.

“PSC Environmental is a recognized industry leader and this acquisition is an exciting milestone,” said Charlie Alutto, President and CEO of Stericycle. “By combining PSC Environmental with our regulated waste management solutions, we are providing the marketplace with a broader portfolio of services supported by an enhanced operational infrastructure. This acquisition is part of our ongoing effort to help companies protect their brands and safeguard the environment, and we look forward to further refining our offerings,” added Alutto.

PSC Industrial Services, also owned by Lindsay Goldberg, was not part of the transaction and will continue to operate as part of PSC Holdings.

For more information about Stericycle, please visit their website at www.stericycle.com.



Horizontal ruler
Horizontal Ruler

Post A Comment

Disclaimer
Note: By submitting your comments you acknowledge that Hazardous Material Magazine has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *



* mandatory fields

Multimedia Center


Current IssuePrint Archives

Digital Edition
In-depth analysis of current issues related to environmental performance,emergency response, safety and waste management.

Go To: Digital Edition
Go To: Print Archives
Go To: Subscribe




Classifieds
Go To More Classified Ads


Sponsors