General Environmental Management, Inc.’s (GEVI.OB) Transition into Faster-Growing, High-Margin Markets
QualityStocks (December 11th, 2009) Writes:
General Environmental Management Inc. made a strategic decision a few months ago to switch the focus of the company from hazardous waste field services to the more lucrative water treatment and waste-to-energy markets. The company’s management firmly believes that shareholders will benefit in the long-term from this move into faster-growing markets.
The company’s initial forays into these markets will focus on western areas of the United States. General Environmental has already made one large deal in the rapidly-growing water business. The recently-closed deal saw the company acquire California-based Santa Clara Waste Water, a profitable 50 year old wastewater treatment business.
General Environmental also recently made a move into the waste-to-energy business. The company signed a letter of intent with privately-held Cake Energy LLC, a waste-to-energy technology company, to build and operate leading-edge waste-to-energy facilities in the western United States. Cake Energy has developed
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