Safety-Kleen withdraws IPO following acquisition by Clean Harbors

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Safety-Kleen, North America's leading provider of used oil recycling and parts cleaning, officially withdrew its plans for an initial public offering on Friday following its $1.25 billion acquisition by Clean Harbors. The Plano, TX-based company was founded in 2003 and booked $1.4 billion in sales for the 12 months ended 7/31/2012. Credit Suisse and Morgan Stanley were set to be the joint bookrunners on the deal.



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This article appears in: News Headlines , IPOs

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