US Ecology announced in a release today that they had agreed to acquire Dynecol, Inc from PVS Chemicals for $11.25 million.

Dynecol owns a Treatment, Storage and Disposal facility in Detroit, Michigan.  The treatment facility provides hazardous liquid waste services to the Midwest United States and Canadian industrial markets.

Dynecol typically generates between $9-$14 million in revenue annually and has approximately 35 full-time employees.  

"In addition to increasing our service offering and capabilities, this acquisition provides US Ecology with a physical presence in a key industrial market allowing us to further leverage our Stablex facility in Quebec," stated US Ecology President and Chief Executive Officer Jim Baumgardner in a release. "This well-established facility will allow us to offer improved and incremental waste services to both our regional and national account customers."

Baumgardner added, "This acquisition is a continuation of our strategy of acquiring assets that are consistent with our core business, increase our geographic footprint, augment services to existing customers and allow us to attract new customers."

The final sale is conditional on the transfer of regulatory permits.