BOVAR Sells Western Research.CALGARY, Alberta--(BUSINESS WIRE)--April 7, 1998--Bovar Inc.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BVR BVR Beyond Visual Range BVR Business Valuation Review (journal) BVR Biliverdin Reductase BVR Bureau of Vocational Rehabilitation BVR Bulletin de Versement (French) .) BOVAR Inc. announced today that it has entered into an Agreement to sell substantially all of the assets of its Western Research division to AMETEK, Inc. for cash of approximately $19.5 million subject to adjustments at close. The transaction is anticipated to close during the second quarter. Western Research designs and manufactures ultraviolet, tunable diode laser and other optically-based analyzers for monitoring and control of gas phase processes and emissions. Western Research is BOVAR's only remaining non hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. business and this sale will complete the divestiture objectives of BOVAR. BOVAR is focused on hazardous waste management in Canada and the treatment of toxic wastes at the Swan Hills Treatment Centre. The facility is currently operating at capacity treating waste from customers across Canada. BOVAR Inc., listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol BVR, is one of Canada's leading international providers of waste management products and services. BOVAR operates and is the owner of Canada's only fully integrated hazardous waste treatment facility which is located near Swan Hills, Alberta Swan Hills is a town (incorporated January 1, 1967) in northern Alberta, Canada. It is located km ( mi) north of Whitecourt at the junction of Highway 32 and Grizzly Trail. Swan Hills is located in Municipal District of Big Lakes within census Division No. 17, Alberta. . BOVAR's services are provided through BOVAR Waste Management. CONTACT: BOVAR Inc. Daryl W. Ferko, 403/235-8329 or BOVAR Inc. Franklin T. Bailey, 403/235-8337 |
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