The U.S. Bankruptcy Court for the Northern District of Texas (Fort Worth Division) approved the acquisition of EarthLiquids by USFilter Recovery Services, Inc. EarthLiquids specializes in the collection and management of used oil and oily wastewaters. EarthLiquids' parent company, The EarthCare Company (OTC Bulletin Board: ECCO), filed for Chapter 11 bankruptcy protection earlier this year.
USFilter Recovery Services plans to complete the acquisition by June 29 and is presently directing the day-to-day operations of the company under a management services agreement.
Source: USFilter
