Press Releases

US Ecology Joins Republic Services

natalie.watkins — Wed, 09 Feb 2022 14:42:32 +0000

US Ecology Joins Republic Services natalie.watkins Wed, 02/09/2022 - 08:42

February 9, 2022

Republic Services to Acquire US Ecology, a Leading Environmental Solutions Company

Enables Republic Services to provide customers with market-leading environmental solutions through a national footprint of vertically integrated assets and comprehensive capabilities
After closing, Republic Services will offer one of the most complete set of products and services to meet customers’ demand for a single-source partner with a recognized track record for sustainability
Republic expects transaction to be immediately accretive to adjusted earnings and free cash flow, with $40 million of cost synergies expected to be achieved within the first three years
Provides a platform for accelerated growth including cross-selling opportunities and additional tuck-in acquisitions

PHOENIX & BOISE, IDAHO Feb. 9, 2022 -- Republic Services, Inc. (NYSE: RSG) and US Ecology, Inc. (NASDAQ-GS: ECOL) have entered into a definitive agreement under which Republic Services will acquire all outstanding shares of US Ecology for $48 per share in cash, representing a total value of approximately $2.2 billion including net debt of approximately $0.7 billion.

US Ecology is a leading provider of environmental solutions offering treatment, recycling and disposal of hazardous, non-hazardous and specialty waste. US Ecology’s trailing twelve-month revenue as of September 30, 2021, was $968 million and adjusted EBITDA was $156 million.(1) “Today’s announcement enables Republic Services to provide customers with one of the most complete set of product offerings across the environmental services space and creates significant value for our stakeholders,” said Jon Vander Ark, president and chief executive officer at Republic Services. “This strategic acquisition expands our geographic footprint across the U.S. and Canada and provides vertical integration capabilities for our environmental solutions business.”

“We are pleased to have reached this agreement with Republic Services, an established leader in the industry, recognized for its commitment to safety, sustainability and superior customer service,” said Jeff Feeler, chairman, chief executive officer and president at US Ecology. “2022 marks US Ecology’s 70th year of operations, built around providing environmental solutions that protect human health and the environment. The combination of our companies provides a platform to accelerate our common strategy of providing a full complement of environmental solutions to better our world. In addition, this transaction showcases the value of US Ecology’s business, providing our stockholders with attractive and certain value, and brings together a network of assets with extensive environmental solutions expertise to handle customers’ most challenging and complex needs. I would like to thank US Ecology’s employees for their hard work and dedication to this mission. We look forward to working with the Republic Services team to complete the transaction and deliver premium products and services.”

Strategic and Financial Benefits Vertically integrates and expands Republic’s environmental solutions footprint. The acquisition of US Ecology will add a national platform of difficult-to-replicate assets and talent to enable Republic to provide customers environmental solutions from collection through disposal. This includes adding nine specialty waste landfills with five hazardous waste landfills, 16 RCRA permitted TSDFs, seven wastewater treatment facilities, and over 80 environmental services field locations including treatment and recycling centers.

Positions Republic as a single-source partner for customers. Customers with multiple recycling and waste service needs value the ability to consolidate services with a single partner who has a successful track record of safety, compliance, and environmental responsibility. The acquisition will allow Republic to provide customers a comprehensive set of environmental services including recycling, solid waste, special waste, hazardous waste, container rental and field services. Expects meaningful synergy opportunities and to be financially accretive. The acquisition will allow Republic to leverage its core capabilities, standardized operating model and investment in digital to enhance profitability across the new portfolio of assets. Republic expects the transaction to be immediately accretive to adjusted earnings and free cash flow. Republic anticipates approximately $40 million in cost synergies within three years following the acquisition, expected to result in double-digit returns. The combined company adjusted free cash flow conversion is expected to be at least 47 percent by 2024.

Accelerates growth opportunities. Expanding Republic’s environmental solutions footprint and capabilities will create the opportunity for outsized revenue growth. The combined business is expected to drive cross-selling opportunities between existing customers of Republic and US Ecology. The acquisition of US Ecology will also provide Republic a platform to pursue additional tuck-in acquisitions in the highly fragmented environmental solutions business.

Financing – The transaction is not subject to a financing condition. Republic Services intends to finance the transaction using existing and new sources of debt. Following completion of the transaction, Republic Services expects to maintain a strong balance sheet and solid investment-grade credit rating. The Company plans net debt-toEBITDA, as defined in our credit agreement, to return back below 3x within 18 months of closing the transaction.

Timing and Approvals – The transaction was unanimously approved by the boards of directors of both companies and is expected to close by the end of the second quarter, subject to the satisfaction of customary closing conditions, including receipt of regulatory approvals and approval by holders of a majority of the outstanding shares of US Ecology’s common stock. Advisors – Moelis & Company LLC is serving as exclusive financial advisor to Republic Services and Davis Polk & Wardwell LLP is serving as Republic Services’ legal counsel. Barclays PLC and Houlihan Lokey Capital, Inc. are serving as co-financial advisors to US Ecology. Dechert LLP is serving as US Ecology’s legal counsel.

About Republic Services Republic Services, Inc. is a leader in the U.S. environmental services industry. Through its subsidiaries, the Company provides superior service offerings while partnering with customers to create a more sustainable world. For more information, visit republicservices.com, or follow us at Facebook.com/RepublicServices, @RepublicServices on Twitter or Republic Services on LinkedIn.

The Company participates in investor presentations and conferences throughout the year. Interested parties can find a schedule of these conferences at republicservices.com. SOURCE Republic Services, Inc. For further information, contact: Media Inquiries, Donna Egan, (480) 757-9770, media@republicservices.com, or Investor Inquiries, Stacey Mathews, (480) 718-6548, investor@republicservices.com

About US Ecology US Ecology is a leading provider of environmental services to commercial and government entities. The company addresses the complex waste management and response needs of its customers offering treatment, disposal, beneficial re-use, and recycling of hazardous, nonhazardous, radioactive and other specialty waste. US Ecology also provides a variety of vertically integrated field services including logistics and response at its customers in-field locations and through its network of 10-day transfer facilities. Logistics solutions include specialty waste packaging, collection lab pack, transportation, and total waste management. Response solutions include emergency response, oil spill response standby services, spill clean-up services, remediation, and industrial services. US Ecology’s focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of US Ecology’s customers and to build long lasting relationships. US Ecology has been protecting the environment since 1952. For more information visit www.usecology.com.

INFORMATION REGARDING FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking information about us that is intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as “guidance,” “expect,” “will,” “may,” “anticipate,” “plan,” “estimate,” “project,” “intend,” “should,” “can,” “likely,” “could,” “outlook” and similar expressions are intended to identify forward-looking statements. These statements include information about our plans, strategies and prospects. Forward-looking statements are not guarantees of performance. These statements are based upon the current beliefs and expectations of our management and are subject to risk and uncertainties that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot assure you that the expectations will prove to be correct. Among the factors that could cause actual results to differ materially from the expectations expressed in the forward-looking statements are the effects of the COVID-19 pandemic and actions taken in response thereto, acts of war, riots or terrorism, and the impact of these acts on economic, financial and social conditions in the United States as well as our dependence on large, long-term collection, transfer and disposal contracts, our pending acquisition of US Ecology, Inc., the risk that the transaction may not be completed in a timely manner, if at all, the failure to satisfy the conditions of the consummation of the transaction, the effect of the announcement or pendency of the transaction on Republic’s or US Ecology’s business relationships, operating results, and business generally, the risk that the proposed transaction disrupts current plans and operations of Republic or US Ecology, including by diverting management’s attention from ongoing business operations, the outcome of any legal or regulatory proceedings related to the merger agreement or the transaction, the ability of Republic to successfully integrate US Ecology’s operations and service offerings, and the ability of Republic to implement its plans, forecasts, and other expectations with respect to US Ecology’s business and realize additional opportunities for growth. More information on factors that could cause actual results or events to differ materially from those anticipated is included from time to time in our reports filed with the Securities and Exchange Commission (“SEC”), including our [Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, particularly under Part II, Item 1A - Risk Factors]. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business. We undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. (1) Represents US Ecology’s adjusted EBITDA for the twelve-month period ended September 30, 2021. US Ecology’s adjusted EBITDA is a non-GAAP measure. Please see US Ecology’s press releases and accompanying tables, filed with the SEC on form 8-K, for additional information about US Ecology’s use of non-GAAP measures and a reconciliation of adjusted EBITDA to the most comparable GAAP measure.

ADDITIONAL INFORMATION AND WHERE TO FIND IT This communication may be deemed to be solicitation material in respect of the proposed merger between a subsidiary of Republic Services and US Ecology. US Ecology intends to file with the SEC a proxy statement in connection with the contemplated transaction. The definitive proxy statement will be sent or given to US Ecology stockholders and will contain important information about the contemplated transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE. Investors and security holders may obtain a free copy of the proxy statement (when it is available) and other documents filed with the SEC at the SEC’s website at www.sec.gov, or without charge, contacting US Ecology’s Investor Relations, Alison Ziegler at aziegler@darrowir.com.

CERTAIN INFORMATION CONCERNING PARTICIPANTS US Ecology and its directors and executive officers may be deemed to be participants in the solicitation of proxies from US Ecology’s stockholders in connection with the contemplated transaction. Information about US Ecology’s directors and executive officers is set forth in its proxy statement for its 2021 Annual Meeting of Stockholders, which may be obtained for free at the SEC’s website at www.sec.gov. Additional information regarding the interests of participants in the solicitation of proxies in connection with the contemplated transactions will be included in the proxy statement that US Ecology intends to file with the SEC

US Ecology’s Environmental Solutions Help Customers Achieve Sustainability Goals for a Better Tomorrow

natalie.watkins — Tue, 14 Sep 2021 20:16:33 +0000

US Ecology’s Environmental Solutions Help Customers Achieve Sustainability Goals for a Better Tomorrow natalie.watkins Tue, 09/14/2021 - 15:16

September 15, 2021

Press Releases

US Ecology’s Environmental Solutions Help Customers Achieve Sustainability Goals for a Better Tomorrow

Innovative Technical Services Improve ESG Performance

BOISE, ID, September 15, 2021—US Ecology, a premier provider of comprehensive environmental and emergency response services, provides solutions to industrial, commercial and government customers that help protect human health and the environment. Our turnkey, customized solutions, when combined with customers’ own internal initiatives, help them achieve sustainability and improve ESG performance.

“US Ecology remains committed to being the premier solutions provider helping customers realize their sustainability and ESG goals,” said Jeff Feeler, President and CEO. “Our innovative technologies, secure waste disposal facilities and sustainable solutions allowed us to safely manage over 4.6 billion pounds of hazardous waste for customers in 2020. That’s 4.6 billion pounds of waste that is no longer a threat to our ecosystems or our communities and future generations. We are proud to play such an important role for our customers and all stakeholders in protecting the environment each and every day.”

With 70 years of experience, our teams are dedicated to developing technology and innovative treatment and disposal, recycling, field, industrial and emergency solutions to better manage our customers’ environmental needs and provide them a variety of sustainable solutions. Our Technical Services group identifies environmentally focused solutions that achieve regulatory compliance, while offering customers alternative sustainable solutions via new waste reduction, recycling or reuse technologies. These compliant and safe technologies allow customers the opportunity to achieve ESG performance improvements while protecting the communities in which they work and live.

“US Ecology understands the pressures customers are under today to conduct business in a way that reduces their environmental impact and supports social and cultural objectives while achieving their business goals. That is why our dedicated sales and customer service teams work in partnership with customers to understand their environmental needs, appreciate their sustainability goals and ultimately, find innovative, customized solutions that work,” said Steve Welling, Executive Vice President of Sales and Marketing.

Learn more about specific services that allow US Ecology to partner with customers to create a better tomorrow:

Aerosol Recycling Technology: 562,000 cans recycled in 2020

US Ecology operates a patent-pending aerosol recycling technology that is the most sustainable solution in the U.S. market, and the only solution to recycle or reuse 100% of the aerosol can and its components.

Our process is a fully enclosed, zero-emission process and will save hundreds of tons of aerosol hazardous waste from entering landfills and polluting our environment each year. This allows the aerosols and packaged goods industry to better manage a long-standing environmental challenge while producing new, compatible end products that can recirculate into the market for a broad array of reuse.

Sustainable Technology Investments

We have exclusive waste classification technology that gives customers a safer and more compliant categorization system for hazardous and non-hazardous waste. This technology found in stores, and on our trucks, easily identifies thousands of discarded products that are exempt from RCRA hazardous waste regulation, allowing for recycling and reuse of these products through alternative technologies. Specific products can be automatically identified for sustainable solutions like ethanol recovery, electronic recycling, paint recycling or surfactant blending, etc., saving tons of waste from entering landfills each year.

Realtime Results for Environmental Reporting

US Ecology’s Customer Online Resource (COR) is the industry's leading online application that allows customers the ability to manage their industrial services and environmental waste needs through real-time, comprehensive dashboards. The COR platform is a difference maker in the waste industry and enables customers to more efficiently access data required by environmental platforms’ disclosure obligations. This ability to quickly pull in-depth levels of comprehensive data 24 hours a day allows customers to confidently prove they are operating sustainably, safely and compliantly which positively influences ESG performance.

Glycol Recycling: 2.7 million pounds recycled in 2020

US Ecology leverages our broad customer network to combine the links on a sustainable supply chain for glycols that help consumers achieve sustainability goals. In addition to these “downstream” benefits recognized through the distribution of recycled products, this program also protects our “upstream” natural resources by creating a socially responsible outlet, helping to prevent glycols from being introduced into local landscapes or surface waters. US Ecology currently de-waters and de-mineralizes collected raw materials to create a virgin-equivalent glycol, which can be used as a base fluid for blended products such as heat transfer fluid, windshield washer deicing fluid and diesel motor antifreeze.

Metals Recovery: 22 million pounds recycled in 2020

We provide a sustainable alternative to traditional stabilization and landfill disposal with metals recycling technologies that economically recover metals such as copper, cobalt, nickel, zinc, and tin. This results in a significant benefit to the environment while providing financial relief and recycling credits to our customers. Our effective reclamation of heavy metals from a variety of waste streams saves thousands of tons of metal bearing wastes from entering landfills each year.

Thermal Recovery Organic Bearing Waste

Our state-of the-art Thermal Desorption Unit (TDU) provides sustainable waste solutions by recovering valuable organic material from wastes generated across multiple industry segments such as petroleum refining, automotive manufacturing, clean energy and aerospace. This process provides an alternative solution to incineration, stabilization and landfill. Oils and other organics are separated from wastes and recovered to be recycled as fuel in place of consuming virgin fossil fuels. Our thermal recovery process is also successful at removing organic contamination from metal bearing catalysts used in the refining industry. The catalysts, once processed, can either be returned to the generator or sent to recyclers to reclaim semi-precious metals such as cobalt, nickel and zinc. Our thermal process is used as a critical step to prepare certain materials like lithium batteries for further recycling and recovery.

Thermal Soil Remediation

US Ecology’s Moose Creek Facility (MCF) helps maintain Alaska’s breathtaking views, expansive wilderness and sensitive ecosystems by treating non-hazardous soils that have been impacted by industry and commerce thermally to standards five times cleaner than standards recommended by the Alaska Department of Environmental Conservation. Our Thermal Remediation technology treats thousands of tons of impacted soil each year, keeping harmful contaminants from entering Alaska’s land and watersheds.  Once certified clean, the soils are 95% compactable fill and can be used in a variety of situations including topsoil and road projects.

Container/Drum Reuse

US Ecology offers a companywide program that inspects, refurbishes, tests and recertifies shipping containers in compliance with EPA and DOT regulations that allow for reuse of these containers within our organization or resale back to customers for reuse. Reuse of a qualifying non-bulk container can save as much as 50% over the cost to manufacture a new drum, resulting in a substantially lower environmental footprint, cost structure and economic impact. US Ecology inspects thousands of drums each month to reduce customer procurement needs, and to lower the overall carbon footprint associated with hazardous waste disposal. This initial pilot investment was made in 2021 and we plan to roll it out across our network in the coming years.

Emergency Response Services: 10,000 Responses in 2020

Our emergency response service’s paramount objective is to minimize a customer’s impact on the environment, whether it be in response to catastrophic oil spills, destruction from wildfires and natural disasters, biohazardous contamination, hazardous product releases, chemical fires or events involving an array of volatile substances. Our nationwide network provides rapid, safe, and effective containment, removal, and disposal and/or treatment of contaminants and hazardous waste 24/7/365. We help our customers return to normal business operations in a timely manner and ensure their environmental impact is minimized.

Renewable Energy Sector

US Ecology provides safe and compliant waste disposal and response services to the renewable energy sector as a key partner supporting their efforts to protect the environment. Our team provides services for solar panel and EV battery manufacturers, wind farm operators, as well as large scale wind turbine refurbishment programs in the United States. Our Technical Services team continues to research innovative, alternative solutions for waste generated by the renewable energy sector. Our turnkey services help these industries remain environmentally friendly.

Hazardous Waste Secure Disposal with Limited Greenhouse Gas Emissions

US Ecology operates six specialty disposal facilities across North America that provide safe and secure containment and disposal of hazardous and non-hazardous waste. The soil, debris and wastewater these facilities manage have limited to no recycling value. The highly engineered design, secure construction and regulatory compliance and monitoring systems in place at our facilities ensure the wastes disposed on-site are no longer a threat to the environment. Our secure disposal facilities manage inorganic materials and emit little to no methane or other gases that would be harmful to the environment.

Managed Services

In addition to utilizing sustainable technologies that isolate specific waste streams and individually manage them via sustainable methods that help customers achieve ESG performance improvements, we also offer wholistic, turnkey project management of all environmental needs through our Managed Services Group (MSG) to customers seeking a more customized program to help increase sustainability.

MSG has over 20 years of experience developing and supporting customized programs to help our customers reach their sustainability goals and improve ESG performance. Our Managed Services initiatives include:

Waste recycling and reuse opportunities for expanded recycling programs and the improvement of existing programs.
Landfill diversion and minimization - we move up-stream to reduce waste generation at its source.
Waste elimination and reduction - we evaluate new technologies to process wastes into commodities.

Our dedicated Managed Services Project Managers work with each customer to drive process enhancements and identify pollution prevention alternatives. We promote policies designed to enhance the environment and encourage waste reduction and recycling. US Ecology is an industry leader in understanding the best available recycling and disposal technologies and we find that this commitment to sustainability aligns our program with our client's environmental goals and ESG objectives.

US Ecology’s ESG Initiatives

In addition to providing a comprehensive suite of innovative solutions to help our customers achieve sustainability and improve ESG performance, US Ecology remains committed to our mission of protecting human health and the environment by focusing on our ESG performance. We invest in technological and operational initiatives that allow us to be more sustainable while continuing to deliver unequaled service to our customers.

We participate in the EcoVadis and SASB (Sustainability Accounting Standards Board) sustainability reporting platforms, and recently published our 2020 ESG data supplement. Based upon our classiﬁcation within SASB’s Sustainability Industry Classiﬁcation System, we evaluated the Waste Management Sustainability Accounting Standard (IF-WM) and published our report setting out the topics addressed by that standard, the related SASB code and accounting metric and our related disclosures. US Ecology remains committed to ESG initiatives for 2021 and beyond.

Please visit https://www.usecology.com/page/ESG to learn more about our sustainability and ESG efforts.

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ABOUT US ECOLOGY, INC.

US Ecology, Inc. is a leading provider of environmental services to commercial and government entities. The company addresses the complex waste management and response needs of its customers offering treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, leading emergency response and standby services, and a wide range of complementary field and industrial services. US Ecology’s focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of US Ecology’s customers and to build long lasting relationships. US Ecology has been protecting the environment since 1952. For more information, visit www.usecology.com.

US Ecology Launches Proprietary Software Used in Performing On-Site Lab Pack Services

natalie.watkins — Fri, 11 Sep 2020 17:05:14 +0000

US Ecology Launches Proprietary Software Used in Performing On-Site Lab Pack Services natalie.watkins Fri, 09/11/2020 - 12:05

September 11, 2020

Press Releases

US Ecology recently rolled out a customized software program, LPx, to assist our on-site chemists in more efficiently and compliantly completing Lab Packs for disposal of unknown, unused or out of date chemicals in our customers’ laboratories or classrooms. LPx sets a new industry standard as a predictive, algorithmic classification system that ensures compliance and the protection of all parties’ health and safety. This innovative technology further strengthens US Ecology’s best in class service capabilities for all our industrial and academic Lab Pack customers.

This system, developed internally by US Ecology’s Lab Pack operations and technical teams, replaces a chemist’s need to carry and manually look up individual chemical properties in the Code of Federal Regulations.

“LPx is a digitized tool that provides our chemists with instant access to two databases housing over 3.5million chemical property data points and regulatory requirements as set forth by OSHA, DOT and EPA,” said Scott Schodowski, Senior Vice President of National Programs at US Ecology. “With just a few keystrokes, LPx builds and generates the required paperwork for compliant shipping and disposal of all chemical waste, whether on a manifest or bill-of-lading.”

LPx also provides clean paperwork, reflecting a more modern and technologically-advanced paper trail and labeling identification system required for proper waste transportation and disposal. Only final customer approval signatures are required to be handwritten, saving both chemists and customers’ time.

More importantly, by utilizing the algorithmic classification system built into the software, chemists have faster access to accurate chemical properties data, allowing them to more efficiently identify, segregate and pack the chemicals for removal. This results in a great reduction in required time on site to complete a Lab Pack for a customer, generating cost-savings. When comparing a Lab Pack completed under the traditional handwritten paperwork and manual chemical look-up method across the Labor, Environment and Transportation Codes of Regulations, to a Lab Pack completed utilizing LPX software, US Ecology was able to significantly reduce total time on site, and reduce customer service fees.

LPx is just one more way US Ecology offers innovative environmental solutions that help our customers achieve compliance and protect human health and the environment. Our teams strive to deliver unequaled service while ensuring our customers achieve peace of mind. LPx, and our team of certified Lab Pack chemists help protect customers, and their brands from costly, complicated and dangerous waste handling mistakes.

To request a virtual demo of LPx software, or to learn more or schedule a US Ecology’s Lab Pack services, please call (800) 592-5489 or visit www.usecology.com.

US Ecology Unveils State-of-the-Art Aerosol Recycling Technology

natalie.watkins — Wed, 09 Sep 2020 15:48:08 +0000

US Ecology Unveils State-of-the-Art Aerosol Recycling Technology natalie.watkins Wed, 09/09/2020 - 10:48

September 9, 2020

Press Releases

Boise, ID – September 9, 2020 – US Ecology, Inc., (the “Company”) [NASDAQ: ECOL] the environmental services leader with over 65 years of experience solving complex waste challenges for customers across North America, is proud to be the first and only company in the U.S. now offering Aerosol Recycling Technology (ART), a 100% sustainable solution for aerosol waste that produces recyclable metal, reusable alternative and liquid fuels and is landfill free with zero emissions.

The ART System, developed in an exclusive partnership with Despray Environmental and utilizing state of the art, patent pending technologies has provided US Ecology with the most sustainable aerosol recycling solution available in the U.S. today. The ART system is unique in that it completely captures and compresses the gas propellant into purified recyclable liquid fuel, similar to Liquid Petroleum gas, for resell opportunities in support of a more circular economy. Additional recyclable or reusable byproducts of cans that run through the system include recyclable metal bricks and product compressed into reusable alternative fuel. The Company’s fully enclosed process is also equipped with complete carbon capture and oxygen monitoring sensors to protect the environment and the health and safety of the valued team members operating the system.

“Despray is excited to have formed an exclusive technical partnership with US Ecology and to be a part of such a leading-edge recycling campaign in the U.S.,” said Eelco Osse, Despray CEO. “While earlier technologies in the market recycle portions of the aerosol can or its components, only ART is proven to effectively capture and recycle or reuse 100% of the can, whether empty or filled.”

“ART is an example of US Ecology’s ongoing commitment to identifying innovative, sustainable solutions for our customers in order to help them achieve their waste reduction goals and protect the environment,” said Simon Bell, Executive Vice President and Chief Operating Officer at US Ecology. “The launch of the ART system is an exciting culmination of many team members’ hard work and dedication over the last few years, as well as mutually beneficial partnerships with equally environmentally-conscious companies. This unique technology further sets US Ecology apart as a leader striving for a more sustainable future, offering innovative solutions to serve our customers and protect human health and the environments.”

US Ecology’s first ART unit celebrated its inaugural run earlier this summer and has since been operating 24/7 out of its Beatty, NV facility with opportunities to expand across US Ecology treatment and service facilities. All recycling systems are capable of accepting mixed batches of aerosol cans, with or without actuator stems or plastic caps included. Watch the ART animation video to learn more about US Ecology’s innovative Aerosol Recycling Technology.

ABOUT US ECOLOGY, INC.

ABOUT DESPRAY ENVIRONMENTAL

Despray Environmental is a privately owned and operated company based in the Netherlands. Over 35 years of machine building and aerosol recycling experience is at the base of the newest “stand alone” systems. Despray Environmental is a member of the Osse Equipment Manufacturing Group. For more information, visit www.despray.com.

US Ecology Announces COVID-19 Safe Operations Program, A Solution for Industry Seeking to Reopen and Conduct Safe Operations

natalie.watkins — Thu, 23 Apr 2020 04:44:51 +0000

US Ecology Announces COVID-19 Safe Operations Program, A Solution for Industry Seeking to Reopen and Conduct Safe Operations natalie.watkins Wed, 04/22/2020 - 23:44

April 23, 2020

Press Releases

US Ecology Announces COVID-19 Safe Operations Program, A Solution for Industry Seeking to Reopen and Conduct Safe Operations

Boise, Idaho – April 23, 2020 – US Ecology, Inc. (NASDAQ-GS: ECOL) (“US Ecology” or “the Company”), in response to industry’s need to safely reopen and resume operations as the initial Coronavirus outbreak slows, has announced a new, proactive cleaning and decontamination solutions package for commercial and government customers: the COVID-19 Safe Operations Program.

The program provides expert assessment of your business needs and a comprehensive plan featuring strict protocols, cleaning and decontamination methodologies by a team of biohazard professionals with decades of experience managing responses to Ebola, SARS, H1N1 and the first wave of COVID-19.

The multi-faceted program supports a full range of business needs to safely reopen and resume operations, including one-time or on-going decontamination, preventative or proactive cleaning and waste disposal services, all from one trusted partner. Businesses receive customized solutions, including recommendations of frequency and scope of service of preventative cleanings necessary to keep employees safe and businesses open and to prevent a second wave of COVID-19 contamination. Optional sourcing assistance for PPE and other supplies necessary to protect your workforce can be included. All services are performed by highly trained, certified and experienced crews complying with CDC/WHO guidelines, wearing proper Level-C PPE and using EPA-listed disinfectants.

US Ecology’s longstanding commitment to protecting human health and the environment extends to its customers enrolling in the COVID-19 Safe Operations Program. Safe and compliant transportation and disposal of all contaminated and regulated medical waste according to regulatory guidelines across a vast nationwide network of 125+ disposal facilities, service centers and TSDF’s is included. As part of the Company’s commitment to delivering unequaled service excellence, customers receive pricing transparency and predictability, the availability of volume discounts and comprehensive management and reporting of programs through one trusted point of contact.

The COVID-19 Safe Operations Program is available to current and prospective US Ecology customers in manufacturing, automotive, insurance, retail, hospitality, transportation, healthcare, industry, oil and gas and other sectors.

To enlist US Ecology's COVID-19 Safe Operations Program for customized decontamination, preventative cleaning and disposal services please call the 24/7 Emergency Response hotline at (800) 899-4672, contact a sales representative, or visit: https://www.usecology.com/coronavirus.

ABOUT US ECOLOGY, INC.

US ECOLOGY PROVIDING DECONTAMINATION RESPONSE TO CORONAVIRUS (COVID 19) OUTBREAK

BILL_L — Wed, 18 Mar 2020 18:52:55 +0000

US ECOLOGY PROVIDING DECONTAMINATION RESPONSE TO CORONAVIRUS (COVID 19) OUTBREAK BILL_L Wed, 03/18/2020 - 13:52

March 18, 2020

Press Releases

US ECOLOGY PROVIDING DECONTAMINATION RESPONSE TO CORONAVIRUS (COVID 19) OUTBREAK

Boise, Idaho – March 18, 2020 – US Ecology, Inc. (NASDAQ-GS: ECOL) (“US Ecology” or “the Company”), in response to the COVID-19 Coronavirus outbreak, offers a comprehensive range of decontamination response and disposal services to customers, providing safe solutions for all disinfecting and decontamination needs to combat the spread of COVID-19.

Safety. Service. Professional Standards.

An unwavering commitment to safety, unequaled service and the highest professional standards has made US Ecology an industry leader with a proven track record spanning over 65 years. With a nationwide footprint of disposal facilities and service centers in place, US Ecology stands ready to serve new and existing customers. US Ecology’s highly-trained professionals are currently providing COVID-19 decontamination services for a wide range of customers including retail establishments, government agencies, cruise lines, restaurants, as well as insurance, transportation and other companies across the country.

The Company’s experts safely handle hazardous materials and infectious waste streams on a daily basis while performing many services, and have extensive experience with managing decontamination responses to biohazards and infectious disease outbreaks with the current COVD-19 outbreak as well Ebola, H1N1 and other past health crises. US Ecology’s broad range of decontamination services include biological and infectious response, cleanup and disposal, blood borne pathogen cleanup and infectious waste management.

US Ecology’s decontamination procedures meet or exceed the recommendations and work practices established by the Center for Disease Control (CDC), Occupational Safety and Health Administration (OSHA), World Health Organization (WHO) and other agencies. At each site, crew members follow stringent protocols to establish highly defined and controlled support, entry, decontamination and hot zones to ensure the safe entry/exit of response personnel and the protection of non-response personnel from affected areas. Decontamination procedures are executed by highly-trained personnel wearing the highest-grade personal protective equipment (PPE) and using only approved and highly effective hospital-grade disinfecting agents.

To enlist US Ecology's Decontamination Response and Disposal Services for the Coronavirus (COVID-19) please call the Emergency Response hotline at (800) 899-4672, contact a sales representative, or visit: https://www.usecology.com/contact-us.

ABOUT US ECOLOGY, INC.

US Ecology Completes Merger with NRC Group, Creating a Nationwide Leader in Industrial and Hazardous Waste Management Services

BILL_L — Fri, 01 Nov 2019 12:56:53 +0000

US Ecology Completes Merger with NRC Group, Creating a Nationwide Leader in Industrial and Hazardous Waste Management Services BILL_L Fri, 11/01/2019 - 07:56

November 1, 2019

Press Releases

US ECOLOGY COMPLETES MERGER WITH NRC GROUP, CREATING A NATIONWIDE LEADER IN INDUSTRIAL AND HAZARDOUS WASTE MANAGEMENT SERVICES

Boise, Idaho – November 1, 2019 – US Ecology, Inc. (NASDAQ-GS: ECOL) (the “Company” or “US Ecology”) today announced the completion of its previously announced merger with NRC Group Holdings Corp. (“NRC Group” or “NRC”), a national leader in comprehensive environmental, compliance and waste management services to the marine and rail transportation, general industrial and energy industries in an all-stock transaction.

Jeffrey R. Feeler, President, Chief Executive Officer and Chairman of the Board of Directors, commented, “NRC brings highly complementary services and customers to US Ecology through its substantial nationwide service network, creates a leadership position in standby and emergency response services, expands the scale of key service verticals to drive volume to US Ecology’s fixed facilities while adding specialty waste landfill disposal capabilities focused on oil and gas exploration. We believe the combination creates a true leader in industrial waste management and environmental services that will harness the experience and expertise of each organization to enhance our competitive position, create cross-selling opportunities and operational efficiencies and provide compelling long-term value to both our customers and stockholders.”

MERGER DETAILS

Beginning today, the combined company, which will retain the US Ecology name, will start trading on the Nasdaq Global Select Market under the ticker ECOL. Shares of NRC Group ceased trading at the close of the NYSE American Exchange on October 31, 2019. Pursuant to the merger agreement, US Ecology stockholders received a fixed exchange ratio of 1.00 share of new US Ecology for each share held and NRC Group stockholders received a fixed exchange ratio of 0.196 shares of new US Ecology for each NRC share held. In addition, each share of NRC’s 7.00% Series A Convertible Cumulative Preferred Stock has been converted into approximately 1.8 common shares of the new US Ecology. As a result, US Ecology stockholders own approximately 70% of the combined company and NRC stockholders own approximately 30% on a fully diluted basis. Additionally, NRC’s 19.249 million outstanding warrants were converted to 3.773 million warrants to purchase common stock of US Ecology, with a strike price of $58.67 each and expiration in October 2023. These warrants will trade under the ticker ECOLW on the Nasdaq Global Select Market starting on November 1, 2019.

ABOUT US ECOLOGY, INC.

US Ecology, Inc. is a leading provider of environmental services to commercial and government entities. The company addresses the complex waste management and response needs of its customers, offering treatment, disposal and recycling of hazardous, nonhazardous and radioactive waste, leading emergency response and standby services, and a wide range of complementary field and industrial services. US Ecology’s focus on safety, environmental compliance and best-in-class customer service enables us to effectively meet the needs of US Ecology’s customers and to build long lasting relationships. US Ecology has been protecting the environment since 1952. For more information, visit www.usecology.com.

FORWARD LOOKING STATEMENTS

Statements in this communication that are not historical facts are forward-looking statements that reflect US Ecology’s management’s current expectations, assumptions and estimates of future performance and economic conditions. These forward-looking statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements relate to, among other things, the closing of the transaction, the expected benefits of the merger, including estimated synergies, estimates and projections concerning the business and operations, strategic initiatives and value creation plans of the combined companies, the ownership structure of the combined company and the refinancing of NRC’s existing indebtedness. All statements other than historical facts may be forward-looking statements; words such as “anticipate,” “believe,” “could,” “design,” “estimate,” “expect,” “forecast,” “goal,” “guidance,” “imply,” “intend,” “may”, “objective,” “opportunity,” “outlook,” “plan,” “position,” “potential,” “predict,” “project,” “prospective,” “pursue,” “seek,” “should,” “strategy,” “target,” “would,” “will” or other similar expressions that convey the uncertainty of future events or outcomes are used to identify forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of US Ecology. Factors that could cause US Ecology’s actual results to differ materially from those implied in the forward-looking statements include: (1) litigation relating to the transaction; (2) risks related to disruption of management time from ongoing business operations due to the transaction; (3) unexpected costs, charges or expenses resulting from the transaction, (4) the ability of US Ecology to retain and hire key personnel; (5) competitive responses to the transaction and the impact of competitive services; (6) the terms and availability of the indebtedness incurred in connection with the refinancing of NRCG’s existing indebtedness; (7) potential adverse changes to business relationships resulting from the announcement or completion of the transaction; (8) the combined companies’ ability to achieve the growth prospects and synergies expected from the transaction, as well as delays, challenges and expenses associated with integrating the combined companies’ existing businesses; and (9) legislative, regulatory and economic developments, including changing business conditions in the industries in which US Ecology operates. These risks, as well as other risks associated with the transaction, are more fully described in the joint proxy statement/prospectus that was filed with the Securities and Exchange Commission (“SEC”) by the Company on September 19, 2019 in connection with the transaction. Investors and potential investors are urged not to place undue reliance on forward-looking statements in this communication, which speak only as of the date made. US Ecology undertakes no obligation to revise or update publicly any forward-looking statement to reflect future events or circumstances. Nothing contained herein constitutes or will be deemed to constitute a forecast, projection or estimate of the future financial performance of US Ecology or the combined company, whether following the implementation of the transaction or otherwise.

US Ecology Announces Third Quarter 2019 Results; Adjusts 2019 Guidance for Improved Business Outlook and Two Months of NRCG Ownership

BILL_L — Wed, 30 Oct 2019 20:42:51 +0000

US Ecology Announces Third Quarter 2019 Results; Adjusts 2019 Guidance for Improved Business Outlook and Two Months of NRCG Ownership BILL_L Wed, 10/30/2019 - 15:42

October 30, 2019

Press Releases

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US Ecology Announces Third Quarter 2019 Results; Adjusts 2019 Guidance for Improved Business Outlook and Two Months of NRCG Ownership

US ECOLOGY, INC. PARTNERS WITH SMARTER SORTING TO REVOLUTIONIZE RETAIL WASTE SERVICES

natalie.watkins — Thu, 19 Sep 2019 19:54:00 +0000

US ECOLOGY, INC. PARTNERS WITH SMARTER SORTING TO REVOLUTIONIZE RETAIL WASTE SERVICES natalie.watkins Thu, 09/19/2019 - 14:54

September 19, 2019

Press Releases

US ECOLOGY, INC. PARTNERS WITH SMARTER SORTING TO REVOLUTIONIZE

RETAIL WASTE SERVICES

Technology Company’s Artificial Intelligence Automates the Classification of Retail Waste

Boise, Idaho – September 19, 2019 - US Ecology, Inc. announced today a strategic partnership with Smarter Sorting, a machine learning technology company based in Austin, Texas. This partnership offers retailers across the country a more automated solution to safely and accurately classify and segregate RCRA, hazardous and non-hazardous waste.

Smarter Sorting’s Single Item Sorter (SiS) solutions suite, including RetailSiS, MobileSiS and PharmSiS, is available today to retailers and pharmacies looking for streamlined classification and data in order to maximize operational efficiencies as employees manage products that are non-sellable. The SiS solutions allows retailers to scan a product’s bar code and accurately identify, weigh and categorize non-sellable products. The intuitive technology immediately provides the employee clear instructions on how to compliantly manage the product for donation, salvage, recycling or disposal.

US Ecology, the only environmental services provider with an exclusive partnership with Smarter Sorting, is mobilizing the fourth state-of-the-art solution within the suite, TruckSiS, which resides in the back of retail service trucks. Whether or not a retailer utilizes RetailSiS, MobileSiS or PharmSiS, all retailers who partner with US Ecology for their environmental needs will experience a new level of unequaled service during pick-up, with individual products now electronically categorized on the component level. When installed across all locations, a retailer will have a true pathway for operational standardization in waste identification and segregation.

“The SiS solutions technology leapfrogs anything else in the industry,” said Simon Bell, Executive Vice President and Chief Operating Officer for US Ecology “We are excited for this partnership that puts US Ecology at the forefront of environmental solutions for our retail customers.”

TruckSiS, when coupled with the other SiS solutions, will allow US Ecology to drastically reduce the time it takes to complete a retail pick-up, facilitating more timely services across retailers’ locations that could result in hundreds of thousands of dollars savings annually on service fees. More importantly, the SiS solutions provide alternative treatment or recycling options for qualifying waste streams that will decrease a retailer’s generator status, creating more sustainable solutions for their waste.

Bell added, “With Smarter Sorting’s automated SiS solutions, we can provide our retail customers even greater peace of mind from increased compliance with all local, state and federal regulations.”

"Machine learning has been utilized in many industries to solve complex problems. Smarter Sorting is the first company to bring it to waste, enabling the entire industry, and especially US Ecology's retail customers, to benefit from the trans-formative power of big data. For Smarter Sorting, this partnership advances our mission of reducing waste and increasing the sustainable handling of consumer products through the entire supply chain," said Chris Ripley, Co-Founder and CEO for Smarter Sorting.

To experience unequaled customer service and peace of mind from US Ecology’s environmental solutions, please contact Vince Scheerer, Vice President of Business Development – National Programs for US Ecology, at vince.scheerer@usecology.com or (800) 592-5489.

Learn how easy it is to establish or optimize your environmental compliance program today with our exclusive partnership with Smarter Sorting technology.

About US Ecology, Inc.

US Ecology, Inc. is a leading North American provider of environmental services to commercial and government entities. The company addresses the complex waste management needs of its customers, offering treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a wide range of complementary field and industrial services. US Ecology’s focus on safety, environmental compliance, and best–in-class customer service enables us to effectively meet the needs of US Ecology’s customers and to build long lasting relationships. US Ecology has been protecting the environment since 1952 and has operations in the United States, Canada and Mexico. For more information, visit www.usecology.com.

To learn more about Smarter Sorting’s Single Item Sorter (SiS) technology, please visit https://www.smartersorting.com.

US Ecology Announces Acquisition of W.I.S.E. Environmental

natalie.watkins — Fri, 06 Sep 2019 19:02:59 +0000

US Ecology Announces Acquisition of W.I.S.E. Environmental natalie.watkins Fri, 09/06/2019 - 14:02

August 1, 2019

Press Releases

US ECOLOGY, INC. FURTHER BUILDS OUT ITS CANADIAN REGION WITH ACQUISITION OF W.I.S.E. ENVIRONMENTAL SOLUTIONS INC.

Transaction adds Equipment Rental and Extends the Footprint of Existing Services Operations

Boise, Idaho – August 1, 2019 – US Ecology, Inc. (“the Company”) today announced that it has acquired all of the stock of W.I.S.E. Environmental Solutions Inc. (“WISE”), an equipment rental and waste services company based in Sarnia, Ontario, Canada. The new US Ecology Sarnia facility will complement the Company’s existing fixed facilities in Michigan and Canada and allow it to better provide a full range of environmental, field and industrial services to customers in the region.

WISE, located approximately 65 miles northeast of Detroit and 65 miles north of US Ecology Tilbury, offers equipment rental and repair, transportation services, 24-hour emergency services, waste disposal and tank and box cleaning services throughout Ontario. The acquisition provides entry into the container rental market and strengthens our environmental service offering in the important Ontario market.

“WISE will act as a stepping stone as we look to expand our environmental services within Ontario and throughout Eastern Canada,” commented Guy Thibault, Vice President, US Ecology in Canada. ”We believe there is a significant opportunity to leverage WISE’s customer base and footprint to help penetrate the emergency response, light industrial service and disposal markets, better meet the needs of our current customers, and extend the reach of our Quebec, Ontario, and Michigan based operations. Our expanding commitment to the Canadian market should provide growth opportunities across our Environmental Services and Field and Industrial Services businesses.”

Forward-looking statements are only predictions and are not guarantees of performance. These statements are based on management’s beliefs and assumptions, which in turn are based on currently available information. Important assumptions include, among others, those regarding demand for Company services, expansion of service offerings geographically or through new or expanded service lines, the timing and cost of planned capital expenditures, competitive conditions and general economic conditions. These assumptions could prove inaccurate. Forward-looking statements also involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond our ability to control or predict. 2 Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission (the “SEC”), we are under no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on our forward-looking statements. Although we believe that the expectations reflected in forward-looking statements are reasonable, we cannot guarantee future results or performance. Before you invest in our common stock, you should be aware that the occurrence of the events described in the "Risk Factors" sections of our annual and quarterly reports could harm our business, prospects, operating results, and financial condition.