Providing Comprehensive Environmental Services for North America
Clean Harbors is the leading provider of environmental, energy and industrial services throughout North America. Founded in 1980, Clean Harbors provides a comprehensive suite of services to a diverse customer base, including a majority of the Fortune 500 companies, throughout the United States and Canada, as well as Mexico and Puerto Rico. Through our Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers.
For the past several years, the Company has grown substantially as we’ve successfully executed our corporate strategy which includes: expanding our service offerings and geographic coverage; cross-selling across segments; capturing large-scale projects; expanding throughput capacity; pursuing selective acquisitions; and implementing cost, pricing and productivity improvement initiatives.
2013 was another year of record growth and achievement for Clean Harbors. Following the acquisition of Safety-Kleen - the largest in our history - in late 2012, we achieved revenues of more than $3.5 billion in 2013 and generated Adjusted EBITDA of $510 million. Through the hard work of our team, we successfully integrated Safety-Kleen throughout 2013 while achieving cost synergies of more than $70 million. We are now well positioned for growth on a common operating platform with Safety-Kleen. During the year, we also invested in a number of organic growth opportunities including the construction of our Ruth Lake Lodge, which in addition to being a first-class lodging facility, is serving as a training facility for our employees and a maintenance hub for our vehicles in the Ft. McMurray, Canada market. We also acquired Evergreen Oil in September 2013, which expanded our re-refining presence in the California market and will serve as a strong complement to our existing network going forward.
Looking ahead, we remain encouraged about our prospects. The comprehensive sales and expense reduction initiatives we have underway at Clean Harbors will support our performance and the profitable growth we are projecting for 2014. In the near-term, we are focused on also lowering our cost structure to improve our margin performance. At the same time, we see substantial cross-selling and long-term growth opportunities within each of our four businesses as the underlying industry and outsourcing trends remain favorable to us. I invite you to return to our website frequently for updates on our progress. Thank you for your interest in Clean Harbors.Sincerely,