Elgin, Illinois, April 2,
2002 -- Joseph Chalhoub,
President and CEO of Heritage-Crystal Clean, LLC, announced
today that Donald Brinckman has joined the Company
as an Investor, Director and Member of the Executive
Although he will not be involved
in the day-to-day operation of Heritage-Crystal Clean,
will have a strong presence in guiding the overall
development of the Company.
Brinckman is well known
in the business and financial communities as the
Founder and former President,
CEO and Chairman of Safety-Kleen Corp. In 1968,
a small parts washer company located in Milwaukee
called Safety-Kleen and purchased it for $25,000. Under
his direction, it grew from a regional firm to
environmental service company with annual sales
in excess of 1.0 billion dollars.
During this time,
Safety-Kleen recorded remarkable earnings growth.
In 1987, it became the only
NYSE listed Company to record over twenty-percent
growth for seventeen consecutive years, which
was a new American business record.
Wall Street recognized the company as one
of the "Nifty-Fifty" companies
on the New York Stock Exchange. In 1998,
Safety-Kleen was purchased by Laidlaw Environmental
for over 2 billion dollars.
Commenting on the
association of Brinckman with Heritage-Crystal
Clean, Chalhoub stated
that, "Don's participation
in the Company will not only strengthen
our position as one of the fastest growing
in the environmental
service industry, but will add a knowledgeable
mind to help guide the Company's future
direction as we continue our successes of
the past two years."
added: "I have known Don for almost
two decades, and have worked with him
for a good number of those
years. Don's vast experience and
the respect he has earned in the business
will be a great benefit to the Company.
We are all very excited to work with
Heritage-Crystal Clean, LLC,
headquartered in Elgin, Illinois, is
marketing and sales
Company that concentrates on servicing
commercial and industrial marketplaces,
primarily in the Midwest and Eastern
doing, it provides
parts cleaner and other fluid supply
and waste collection services to
small to medium-size
customers. In the future, Heritage-Crystal
Clean will continue to serve these
customers with their
needs, while expanding its service
operations across the United States through the
growing distribution network of Branches
and Logistical Hubs.