Printer Friendly

PERMA-FIX ENVIRONMENTAL SERVICES, INC. ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE AMERICAN RESOURCE RECOVERY CORPORATION

 ATLANTA, July 27 /PRNewswire/ -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI; Boston Stock Exchange) announced today that a definitive agreement has been entered into in connection with Perma- Fix's acquisition of American Resource Recovery Corporation ("ARR").
 Completion of this acquisition is subject to, among other things, transfers of permits and completion by Perma-Fix of its environmental audit of ARR.
 Upon completion of Perma-Fix's acquisition of ARR, Perma-Fix has agreed to issue 601,500 shares of Perma-Fix common stock as consideration for the acquisition.
 ARR is located in Memphis, Tenn., and is primarily in the business of recycling paint, oils and solvents. Revenues for ARR in 1992 were approximately $5,800,000. ARR has various permits including permits to store hazardous waste at its facility. Dr. Louis F. Centofanti, president of Perma-Fix, stated that, "the acquisition of ARR, when completed, will allow Perma-Fix to expand its waste service operations into the southeastern United States and enhance the waste services previously available through Perma-Fix."
 Perma-Fix Environmental Services, Inc. provides environmental engineering and hazardous waste treatment and reclamation services.
 -0- 7/27/93
 /CONTACT: Priscilla Price of Perma-Fix, 404-847-9990/
 (PESI)


CO: Perma-Fix Environmental Services, Inc.; American Resource Recovery
 Corporation ST: Georgia IN: ENV SU: TNM


RA-BN -- AT002 -- 6055 07/27/93 08:34 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 27, 1993
Words:210
Previous Article:HUMPHREY INC. POSTS RECORD EARNINGS, REVENUES
Next Article:WENDY'S FOUNDER OFFERS BUSINESS MANAGERS AND OWNERS A YARDSTICK FOR MEASURING PEOPLE
Topics:


Related Articles
PERMA-FIX ENVIRONMENTAL SERVICES, INC. CLOSES FACILITY ACQUISITION IN ESCROW
PERMA-FIX ENVIRONMENTAL SERVICES, INC. ANNOUNCES 1992 RESULTS
PERMA-FIX ENVIRONMENTAL SERVICES, INC. SIGNS LETTER OF INTENT TO ACQUIRE PLASTICS RECYCLER
PERMA-FIX ENVIRONMENTAL SERVICES SIGNS LETTER OF INTENT TO ACQUIRE AMERICAN RESOURCE RECOVERY
PERMA-FIX ENVIRONMENTAL SERVICES, INC. ANNOUNCES FIRST QUARTER RESULTS
PERMA-FIX ENVIRONMENTAL SERVICES, INC. ANNOUNCES ACQUISITION OF ENVIRONMENTAL SERVICES OFFICE
PERMA-FIX ENVIRONMENTAL SERVICES, INC. ANNOUNCES SECOND QUARTER RESULTS
PERMA-FIX ENVIRONMENTAL SERVICES ANNOUNCES ACQUISITION OF ENVIRONMENTAL SERVICES OFFICE
PERMA-FIX ENVIRONMENTAL SERVICES, INC., COMPLETES ACQUISITION OF AMERICAN RESOURCE RECOVERY CORPORATION
PERMA-FIX ENVIRONMENTAL SERVICES, INC. COMPLETES SALE OF STOCK

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters