Safety-Kleen Systems, Inc. is a company that provides services such as collecting and recycling oil, providing industrial cleaning, and handling industrial waste. In addition, their products include cleaning equipment, antifreeze and coolant, windshield cleaner, and re-refined oil products.[2]
History
Safety-Kleen was started in the late 1950s and early 1960s when Ben Palmer invented the parts washer which he decided to lease to customers and service by removing and replenishing the solvent in the machines. In 1968, the Safety-Kleen business was acquired by Chicago Rawhide, and under the leadership of Don Brinckman Safety-Kleen became a publicly traded company and enjoyed tremendous growth and business success over 30 years, eventually joining the Fortune 500. In 1973, a UK-based off-shoot of Safety-Kleen was created. And in 1998 Safetykleen Europe, without a hyphen, separated from the US organisation to become a separate company that now operates in 14 countries in Europe and beyond.[3]
In 1998, Safety-Kleen fell victim to a hostile takeover by Laidlaw Environmental. Afterwards, the financial situation of the company deteriorated and finally the company filed for and re-emerged from