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June 24, 2014
17:24 EDTNESVeroLube signs extension to agreement to acquire Thermo Fluids
VeroLube announces the signing of an extension and amendment to the previously executed stock purchase agreement dated March 10, to acquire Thermo Fluids through its wholly owned subsidiary VeroLube USA. Thermo Fluids, a standalone subsidiary of Nuverra Environmental Solutions, based in Scottsdale, Arizona, is the largest western used oil collector and the third-largest collector of used motor oil in the U.S. Thermo Fluids collects approximately 50M gallons of used motor oil annually. As part of the Company's requirements for its pending public listing, VeroLube required the Extension to allow for the conversion of Thermo Fluids' 2011 U.S. GAAP audited financial statements to stand-alone International Financial Reporting Standards. The Company expects the audit process to be finalized in 30 to 45 days with a revised transaction close expected on or before August 29.
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July 16, 2014
16:09 EDTNESNuverra Environmental settles accident lawsuit claims against subsidiary
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