ELT Acquires Chemical Plant, Facilitates $1.1 Billion Transaction |
ELT Announces Agreement to Acquire & Operate Midwest Chemical Plant
ELT announces the acquisition of a Midwest chemical plant, which was required to facilitate a greater transaction between two multi-national corporations. ELT's involvement cleared the way for completion of the deal, with an enterprise value of $1.1 billion.
An ELT affiliate will now operate essential systems at the plant necessary for continued output at the 34-acre facility. Originally constructed in 1958, the plant has multiple functions including the manufacture of rubber accelerators and antioxidants.
"ELT is pleased to have played a critical role in this transaction by using our talents and capital to not only provide fair market value for the chemical plant, but also provide confidence to all parties involved that plant operations will continue uninterrupted," said Randall Jostes CEO of Environmental Liability Transfer.
In addition to continuing operations at the chemical plant, ELT affiliates will perform selected demolition and liquidate surplus machinery & equipment.
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Acquisition Announcement
ELT Acquires Chemical Plant
Webinar on Reclaiming Underutilized Port Properties
Join ELT and the American Association of Port Authorities for a webinar September 8th
Florida Brownfield Site Sold
ELT sells Florida brownfield site to local developer
Liquidation Project
IARG liquidating machinery & equipment at retired Ingersoll-Rand facility in Ft. Smith, AR
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Robust Indemnification and Environmental Guarantees Found Nowhere Else in the Market
ELT has successfully assumed nearly $2 billion USD in corporate environmental liabilities for clients - and has never defaulted on an obligation or given a site back to the seller/PRP. Additionally, over 90% of ELT’s assumed liabilities have achieved final environmental milestones or are in the last stages of regulatory closure. This experience is critical when choosing a partner for environmental liability management.
If you have an industrial property or environmental liability you would like considered by ELT, please contact us today for a confidential and no-cost value proposition.
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Webinar: Redevelopment Strategies for Underutilized Port Properties |
Throughout the US, many ports properties and commercial marine terminals have outlived their useful life. Hosted by the American Association of Port Authorities, this presentation will explore reclamation options for underutilized or distressed US ports and identify strategies to reposition ports for optimal market utilization. Join us for this webinar presentation and open discussion to follow. Register Here »
Date: September 8, 2021
Time: 11:00 AM - 12:00 PM CDT
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PORT PROPERTIES AVAILABLE FOR SALE/LEASE |
CDC has multiple industrial properties with port access currently available. Locations includes Pacific Ocean, Atlantic Ocean, NY Harbor, Ohio River, Illinois River, San Joaquin River (Bay Area), etc.
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ELT Sells Brownfield Site in St. Petersburg, FL, Sells to Local Developer |
In 2015, ELT acquired a 29-acre property with a retired 500,000 sq ft industrial facility which had been used to manufacture electronic components by a major defense contractor since the 1950s. Upon taking ownership, ELT demolished the buildings and re-positioned the real estate for redevelopment. The previous owner retained responsibility for on-going environmental monitoring, which will continue for the foreseeable future. The property has recently been sold to a local real estate developer proposing a multifamily and recreational development.
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Industrial Asset Recovery Group
Current Liquidation Projects
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ELT's many ongoing brownfield redevelopment projects have resulted in a bevy of surplus machinery and equipment - now available for purchase. Industrial Asset Recovery Group manages this process and is pleased to present the following liquidation project. |
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Assets from the retired manufacturing facility located in Ft. Smith, AR.
Dates: Ongoing
Location: Virtual
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Environmental Liability Transfer, Inc. (ELT), along with four distinct affiliate companies under common ownership, have become one of the most impactful brownfield redevelopment and environmental remediation and consulting firms in North America.
By leveraging the core competencies of its affiliate partners, ELT now has the ability to consolidate multiple elements of brownfield redevelopment into ONE comprehensive value proposition - Real Estate Purchase, Environmental Liability Assumption, Fixed Price Environmental Remediation, Demolition, and Liquidation Services.
For more information on ELT or our affiliates, please visit our websites (right) or download ELT's Brownfields Brochure.
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For more information about anything in this newsletter or to schedule a confidential discussion regarding your environmental liabilities or brownfield properties, please contact us.
John Kowalik
Phone: (314) 835-2813
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