Dive Brief:
- Compass Diversified Holdings will purchase Clean Earth Inc., a soil and dredge recycling company.
- Clean Earth, based in Hatboro, PA, is an environmental services provider for hazardous waste, drill cuttings, and dredged materials. It recycles contaminated materials and redistributes the treated waste to a variety of end markets.
- Clean Earth identifies third party sites that will reuse the materials for capping landfills or commercial redevelopment.
Dive Insight:
In 2013, Clean Earth handled 3.4 million tons of material, 98% of which was reused. The firm operates 12 facilities within the US, and has the biggest market share in the contaminated and dredged materials management market.
In March 2014, the West Virginia Senate passed a bill that mandates drill cuttings be placed in landfills. According to WV state Sen. Herb Snyder, the bill was important because there aren’t many regulations in place that dictate how these materials are handled.
