GROWTH ENVIRONMENTAL TO ACQUIRE TOOKE NORTHEAST, INC.
WESTMONT, Ill., March 25 /PRNewswire/ -- Growth Environmental, Inc. (OTC) reported today that it has signed a Letter of Intent to acquire all of the outstanding stock of Tooke Northeast, Inc. (Tooke) of Mt. Pleasant, Mich., subject to the execution of a definitive acquisition agreement, completion of a due diligence procedure, and the approval of the respective boards of directors. The transaction is expected to be completed in the second quarter of 1993. Tooke provides in-depth environmental and remediation services, including consulting, engineering and project management for industrial and commercial clients. The company's historic service focus has primarily been central Michigan. It is expected that after the transaction, Tooke will be a district operating center for US Environmental Consulting, Inc., a full service environmental engineering firm in Novi, Mich., which was purchased by Growth in February of this year. The strategic objectives of Growth Environmental, Inc. include broad expansion of its environmental holdings and service base through acquisition and internal growth. -0- 3/25/93 /CONTACT: Alvin K. Eaton, chief executive officer of Growth Environmental, 708-986-8522/
CO: Growth Environmental, Inc.; Tooke Northeast, Inc. ST: Illinois, Michigan IN: ENV SU: TNM
AL -- MN010 -- 9710 03/25/93 15:31 EST
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|Date:||Mar 25, 1993|
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