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31 Mar 2016

Clayton Utz advises Tox Free Solutions on successful completion of $70 million acquisition

Perth, 31 March 2016: Clayton Utz has advised ASX-listed environment, waste management and industrial service provider Tox Free Solutions Ltd (ASX: TOX) in respect of its successful acquisition of 100% of the shares in Worth Corporation Pty Ltd, the owner of Worth Recycling Pty Ltd.  The acquisition, which was announced on 21 March, completed today.

The total cash consideration for the acquisition was $70 million (subject to adjustments).

Clayton Utz Perth corporate partner Mark Paganin led the firm's team with support from senior associate Stephen Neale and lawyers Kaley Ohariw and Thomas Parker.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.