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Spanish owned FCC Group sells It’s environmental arm to Heritage Crystal Clean

Spanish owned FCC Group sells It’s environmental arm to Heritage Crystal Clean

FCC Environmental, whose primary services are managing and recycling industrial waste such as hydrocarbon waste, has recently been sold for circa €70m. this is the latest stage as the group continues to divest a proportion of its assets in a drive to secure a target of 2.2bn euros. This major Spanish group suggests the synergies will will generate more than 15 m euros as the companies merge.
The Heritage-Crystal Clean president and chief executive Joseph Chalhoub said: “This is our largest acquisition to date and it enables us to enhance our overall efficiency and greatly expand our environmental services activities.”
FCC ENVIRONMENTAL , based in the USA , has approximately 600 employees and turned over about 130m euros in 2013. FCC Group has so far divested FCC Logistica , and FCC Energia , and is looking to soon divest assets such as Realia and Globalvia

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