Heckmann (HEK) Gains Majority Interest in Appalachian Water Services
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Heckmann Corporation (NYSE: HEK), today announced that it has completed the acquisition of a majority interest in Appalachian Water Services, LLC (“AWS”). AWS will operate as an integral part of Heckmann’s fluid management solutions strategy. Terms of the transaction were not disclosed.
AWS currently owns and operates a state-of-the-art wastewater treatment recycling facility specifically designed to treat and recycle water involved in the hydraulic fracturing process in the Marcellus Shale area. The facility began operations in 2010. Located in Fayette County, the plant is in a central location for many of Heckmann’s clients and within close proximity to Greene, Washington and Westmoreland counties. HWR is the managing member of AWS and will conduct the day-to-day operations at the treatment facility.
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AWS currently owns and operates a state-of-the-art wastewater treatment recycling facility specifically designed to treat and recycle water involved in the hydraulic fracturing process in the Marcellus Shale area. The facility began operations in 2010. Located in Fayette County, the plant is in a central location for many of Heckmann’s clients and within close proximity to Greene, Washington and Westmoreland counties. HWR is the managing member of AWS and will conduct the day-to-day operations at the treatment facility.
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