Posts Tagged ‘Tox Free’

ASX Company News: Tox Free Acquires Dolomatrix International Businesses

Friday, December 16th, 2011

Tox Free Solutions Limited (TOX) announces that it has signed a binding acquisition agreement with DoloMatrix International Limited under which (subject to the satisfaction of certain conditions precedent) Toxfree will acquire Chemsal, BCD Technologies, Entech Industries and Waste Audit, from DoloMatrix, for $58.0 million. Chemsal and BCD Technologies are leading waste management businesses specialising in waste collection, recycling and destruction services within the hazardous waste sector. Chemsal and BCD Technologies operate facilities in Brisbane, Sydney, Melbourne, Adelaide and Perth. Entech Industries and Waste Audit are environmental consulting businesses.

The acquisition represents an attractive opportunity for Toxfree to expand its services in hazardous waste and enhance its hazardous waste strategy throughout Australia. Chemsal and BCD Technologies operate in an attractive and expanding segment benefiting from a structural shift from landfill towards environmentally sustainable waste treatment and resource recovery.

Steve Gostlow, Managing Director of Toxfree, said, “Chemsal and BCD Technologies will enhance Toxfree’s earnings and asset base, and will position Toxfree as the industry leader in the hazardous waste sector in Australia.“ “Hazardous waste management is an attractive market for Toxfree, with strong growth underpinned by increased processing of hazardous materials and demand for specialist treatment and destruction services.” “Chemsal and BCD Technologies will add significantly to Toxfree’s existing presence in the hazardous waste sector and will materially expand our service offering for clients throughout Australia,” said Steve Gostlow.

Toxfree is acquiring the business assets, PP&E, intellectual property, inventory and trade receivables in the businesses. Toxfree will assume trade creditors and certain employee entitlements, but will not be assuming any of the cash or bank debt within DoloMatrix. Tox Free Solutions Ltd (TOX) is one of the largest integrated waste management, industrial service and environmental businesses in Australia. The Company offers a full range of waste management services through its national network of licensed waste treatment facilities. In addition Toxfree are fast becoming the leaders in onsite industrial services, waste minimisation, resource recovery and total waste management services.

www.toxfree.com.au

http://www.traderdealer.com.au/Fundamentals/tox

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ASX Company News: Tox Free Acquires Pilbara Waste

Friday, September 30th, 2011

The board of Tox Free Solutions Ltd (TOX) is pleased to announce it has entered into an agreement to acquire Pilbara Waste Pty Ltd based in Port Hedland, Western Australia.  The acquisition is subject to due diligence with completion expected to occur within October 2011.

The purchase price for the Pilbara Waste business is $4.54 million in cash.  In addition, Tox Free will assume the current vehicle finance leases to the value of $1 million.  The value of Pilbara Waste fixed assets is approximately $3 million which are included in the sale price.

Tox Free is the dominant waste management provider in the North West Region providing industrial services, solid, liquid and hazardous waste management.  Tox Free expects to grow the services offered in the Pilbara region in the medium term through its expertise in servicing the resource sector.  The acquisition will further position Tox Free as a leading provider of industrial and waste management services in the region.

www.toxfree.com.au

http://www.traderdealer.com.au/Fundamentals/tox

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ASX Company News: Tox Free Acquires Waste Solutions In Darwin

Thursday, April 28th, 2011

The board of Tox Free Solutions Ltd (TOX) is pleased to announce it has entered into an agreement to acquire Waste Solutions (NT) Pty Ltd based in Darwin, Australia.  The purchase price for the Waste Solutions business is $18 million, comprising $10 million in cash and 3,832,904 fully paid ordinary shares in Tox Free.

Waste Solutions is a leading provider of total waste management services in the Northern  Territory, particularly Darwin.  Services include solid waste management, liquid waste treatment and industrial and hazardous waste management. Waste Solutions operate a liquid waste treatment plant and has a number of long term contracts serving the defence industry and the Territory’s largest private enterprises. Over half of Waste Solutions revenue is secured by annual or long term contracts. Tox Free is well positioned to provide total waste management and industrial services for the oil, gas and mining sector in the region through its operating divisions in Karratha, Port Hedland, Broome, Derby and now Darwin.

The value of Waste Solutions assets is approximately $4 million which are included in the sale price.  Tox Free expect to improve the financial performance of the business through organic growth of the region, introduction of further services including industrial services and hazardous waste treatment and synergies with Tox Free’s Kimberley and Pilbara facilities. Tox Free is the dominant waste management provider in the North West Region providing industrial services, solid, liquid and hazardous waste management.  Tox Free expects to significantly grow the services offered in the Darwin region in the medium term through its expertise in servicing the resource sector. This is a significant acquisition for Tox Free that will further position the Group as a leading national provider of industrial and waste management services.

Tox Free Solutions Ltd (TOX)  is  one  of  the  largest  integrated  waste management,  industrial  service  and  environmental  businesses  in Australia. The  Company  offers  a  full  range  of  waste  management  services  through  its national network of licensed waste treatment facilities. In addition, Tox Free are fast becoming the leaders in onsite industrial services, waste minimization, resource recovery and total waste management services.

www.toxfree.com.au

http://www.traderdealer.com.au/fundamentals/tox

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Tox Free To Acquire Envirochem Technologies

Friday, May 14th, 2010

The board of Tox Free Solutions Ltd (TOX) is pleased to announce the completion of the acquisition of Envirochem Technologies (Envirochem).   Envirochem is a leading provider of chemical waste collection, treatment and disposal services in all major cities throughout the east coast of Australia including Tasmania. Envirochem operate a licensed hazardous waste management facility located in Melbourne, Victoria. The facility is licensed to treat a broad range of industrial and hazardous wastes and has been in operation since 1993.

The acquisition of Envirochem will complement Barry Bros. Melbourne operations as well as Tox Free’s other hazardous waste facilities on the east coast of Australia.   Mr. Mike Pola, the Director of Envirochem, has over 20 years experience in the hazardous waste management industry and his skills and intellectual property will positively contribute to the growth opportunities on the East Coast of Australia for Tox Free. Mike will continue employment with Tox Free for a minimum term of two years.

This is a significant acquisition for Tox Free that will assist in positioning the Group as a leading national provider of industrial and waste management services.

www.toxfree.com.au

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Tox Free Solutions Acquires Envirochem Technologies

Wednesday, March 24th, 2010

The board of Tox Free Solutions Ltd (TOX) is pleased to announce the acquisition of Envirochem Technologies, subject to due diligence. Completion is expected to occur on 1 May 2010. Envirochem is a leading provider of chemical waste collection, treatment and disposal services in all major cities throughout the east coast of Australia including Tasmania. Envirochem operate a licensed hazardous waste management facility located in Melbourne Victoria. The facility is licensed to treat a broad range of industrial and hazardous wastes and has been in operation since 1993. The acquisition of Envirochem will complement Barry Bros. Melbourne operations as well as Tox Free’s other hazardous waste facilities on the east coast of Australia.

Mr Mike Pola, the Director of Envirochem, has over 20 years experience in the hazardous waste management industry and his skills and intellectual property will positively contribute to the growth opportunities on the East Coast of Australia for Tox Free. Mike will continue employment with Tox Free for a minimum term of two years.

The purchase price for the business assets is $3,137,500, comprising $3 million in cash and 55,000 shares in Tox Free. Envirochem’s Earnings Before Interest and Taxes (EBIT) has averaged $600,000 over the last three years. As at 31 December 2009 Envirochem were on target to achieve EBIT of $700,000. The value of Envirochem’s assets is approximately $1 million which are included in the sale price. Tox Free expect to improve the financial performance of the business through synergies with Barry Bros in Victoria, Tox Free (NSW) and Tox Free (Qld).

Tox Free Solutions Ltd (TOX) is one of the largest integrated waste management, industrial service and environmental businesses in Nedlands, Australia. The Company offers a full range of waste management services through its national network of licensed waste treatment facilities. In addition Tox Free are fast becoming the leaders in onsite industrial services, waste minimisation, resource recovery and total waste management services.

www.toxfree.com.au

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Tox Free Secures Waste Management Contract With Toll Holdings

Tuesday, October 27th, 2009

Toll Holdings (TOL) announced that it has entered into an agreement with Chevron Australia Pty Ltd to manage the Barrow Island Supply Base and Logistics Services Contract for the Gorgon LNG construction project. The Barrow Island Supply Base and Logistics Contract also includes the management of waste generated from construction of the LNG plant on Barrow Island.

Tox Free (TOX) will supply waste management services to Toll Holdings. The scope of Tox Free’s contract with Toll includes the collection, segregation, consolidation, treatment and disposal of waste generated on Barrow Island. Tox Free is excited about the opportunity to work with Toll on the Gorgon Project and this is a significant milestone in Tox Free’s development. The Gorgon Project is a joint venture between the Australian subsidiaries of Chevron, ExxonMobil and Shell, to develop the Greater Gorgon gas fields, located between 130km and 200km off the north-west coast of Western Australia. The Greater Gorgon gas fields contain resources of about 40 trillion cubic feet of gas, Australia’s largest-known gas resource. The opportunities for Tox Free moving forward are extremely positive and securing this contract will assist in positioning Tox Free as a leading national provider of integrated industrial and waste management services.

Tox Free Solutions Ltd (TOX) is one of the largest integrated industrial waste and environmental management businesses in Australia. The Company offers a full range of services through its national network of industrial, hazardous, liquid and solid waste treatment facilities. In addition Tox Free are fast becoming the leaders in onsite industrial services, waste minimisation, recycling and contaminated site remediation.

www.toxfree.com.au

www.toll.com.au

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