Date: May 28, 2008
Source: Veolia ES Industrial Services, Inc.
Veolia Environmental Services Acquires Pacific Liners
Veolia ES Industrial Services, Inc. today announced that it has acquired Pacific Liners, a full service pipe and sewer line restoration company, established in 1993. Pacific Liners offers a complete line of processes and services to maintain and rehabilitate underground pipelines using trenchless technologies.
Mike Rose, President and CEO of Veolia ES Industrial Services, Inc., commented on the strategic relevance of the acquisition. "As the largest industrial cleaning company in North America, Veolia ES Industrial Services is excited to welcome the capabilities and professional staff of Pacific Liners to our team. This acquisition will bolster our approach to providing turnkey sewer services throughout the U.S. and Canada."
With 2007 revenue of $21 million, Pacific Liners' services include cleaning, inspection, pipeline restoration, and manhole and structure rehabilitation. The company provides custom solutions to preserve and protect such structures and substrates, such as trenchless technology, which allows for underground installation or repairs with minimum disruption to the surface. These services will complement the wide breadth of Veolia's existing turnkey services and capabilities, which are already provided to customers throughout North America.
According to Rose, Veolia plans to retain Pacific Liners' Vacaville, California office location and its 75 employees, including its management team, administrative staff and field personnel. By acquiring Pacific Liners, Veolia will expand its sewer services presence in California, Nevada and Oregon, while continuing to grow and expand this group throughout North America.
Pacific Liners will transition to the Veolia Environmental Services brand over the next several months.
Important Disclaimer
Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release may contain "forward-looking statements" within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including the risks described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement.
Veolia ES Industrial Services
For more than 30 years, Veolia ES Industrial Services has been providing industrial cleaning, mechanical and maintenance services and environmental waste management solutions. Our staff of 4,200 work to provide solutions to the refining, chemical, power, metal, auto, paper industries and municipal sectors in over 70 locations across the US and Canada. We have a special services group that delivers emergency response, high hazard response, inland and offshore marine diving services, abatement and remediation services. Veolia ES Industrial Services is the largest provider of industrial cleaning services in North America.
About Veolia Environmental Services in North America
Veolia Environmental Services North America Corp., headquartered in Lombard, IL, offers fully integrated environmental solutions to virtually all industrial, commercial, municipal and residential sectors. It is part of the Veolia Environmental Services (VES) group, the only global manager of liquid, solid, non-hazardous and hazardous waste; on-site waste processing, industrial cleaning and process maintenance; and recycling, recovery and disposal for both the public and private sectors. VES is the largest waste services company in the world. It has over 92,500 employees in 42 countries and posted revenues of $13.6 billion in 2007. Veolia Environnement (NYSE:VE), the parent of VES, with operations in water, waste, energy and transportation management, has more than 320,000 employees in 68 countries and recorded revenues of $48 billion in 2007. For more information, please visit www.VeoliaES.com.
Veolia ES Industrial Services, Baytown
Nancy Morris, 713-307-2143
Nancy.morris@veoliaes.com.
or
Veolia Environmental Services North America
Denisse Ike, 630-218-1751
Denisse.ike@veoliaes.com.
or
On Ideas
Denise Graham, 904-354-2600
denisegraham@onideas.com.
For more information, please visit www.VeoliaES.com.
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