SOURCE: US Ecology, Inc.

US Ecology, Inc.

February 08, 2011 12:19 ET

US Ecology, Inc. Agreement to Purchase Waste Treatment and Storage Facility Expires

BOISE, ID--(Marketwire - February 8, 2011) - US Ecology, Inc. (NASDAQ: ECOL) ("the Company") today announced that its definitive agreement ("Agreement") with Siemens Water Technologies Corp. ("Siemens") announced on August 30, 2010, to acquire the assets of a permitted Treatment, Storage and Disposal facility ("the Facility") located in Vernon, California has expired. Certain conditions required to close have not been met and the parties did not extend the Agreement. While the Company remains in discussions with Siemens regarding the facility, no assurance can be made that those discussions will result in an amendment to the expired Agreement or a new agreement.

About US Ecology, Inc.
US Ecology, Inc., through its subsidiaries, provides radioactive, hazardous, PCB and non-hazardous industrial waste management and recycling services to commercial and government entities, such as refineries and chemical production facilities, manufacturers, electric utilities, steel mills, medical and academic institutions and waste brokers. Headquartered in Boise, Idaho, the Company is one of the oldest radioactive and hazardous waste services companies in the North America.

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