Extends National MultiSource® Materials Network to Oklahoma City Metro Area
LOUISVILLE, KY (October 30, 2018) – Charah® Solutions, Inc. (NYSE: CHRA), a leading provider of mission-critical environmental and maintenance services to the power generation industry, today announced that it has partnered with Oklahoma Construction Materials (OCM) and completed installation of new fly ash storage silos at OCM’s rail terminal near Oklahoma City. OCM is a leading provider of transload and aggregate supply services.
The new silos will serve customers in the greater Oklahoma City region where demand for quality fly ash is growing. The OCM facility provides customers quick and easy access to the nearby Interstate 35 and Interstate 40 to transport products to various regional jobsites efficiently. The new OCM silos can also supply the region with fly ash from other Charah Solutions’ MultiSource® materials network locations.
The addition of the OCM facility adds to other recent additions to Charah Solutions’ expanding MultiSource materials network in the South, New England, the Midwest, the Rocky Mountains and California. Charah Solutions has more than 30 nationwide sourcing locations to ensure a steady and reliable supply of Class C and Class F fly ash for ready-mix concrete producers and other Charah Solutions’ customers throughout the United States.
“As one of the leading fly ash sales and marketing companies in the country, we expect this expansion to the Oklahoma City region will allow us to increase our plant-sourced inventory and ensure a growing number of ready-mix concrete producers in that area and beyond have a steady and reliable supply of quality fly ash,” said Scott Ziegler, Vice President of Byproduct Sales at Charah Solutions. “We look forward to partnering with the OCM team to continue to meet our customers’ needs for fly ash products and drive long-term growth within our Byproduct Sales business.”
“We are excited to partner with Charah Solutions to provide this much-needed storage at our Oklahoma City rail terminal,” said Zac Brummal, General Manager of OCM. “Our rail facility provides a cost-effective, efficient and vital link in the region’s transportation network, and we look forward to helping to serve this region’s fly ash needs for years to come.”
Click here to see a complete map of Charah Solutions’ MultiSource materials network locations.
About Charah Solutions, Inc.
With 30 years of experience, Charah Solutions, Inc. is a leading provider of environmental and maintenance services to the power generation industry, with operations in coal-fired and nuclear power generation sites across the country. Based in Louisville, Kentucky, Charah Solutions assists utilities with all aspects of managing and recycling ash byproducts generated from the combustion of coal in the production of electricity as well as routine power plant maintenance and outage services for coal and nuclear energy providers. The company also designs and implements solutions for ash pond management and closure, landfill construction, fly ash and slag sales, and structural fill projects. Charah Solutions is the partner of choice for solving customers’ most complex environmental challenges, and as an industry leader in quality, safety, and compliance, the company is committed to reducing greenhouse gas emissions for a cleaner energy future. For more information, please visit www.charah.com.
About Oklahoma Construction Materials
For more information about OCM, please visit https://www.sherwoodcompanies.com/companies.
MultiSource is a registered trademark of Charah, LLC in the United States.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. These statements are based on certain assumptions made by the company based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made and the company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Investor Contact
Charah Solutions, Inc.
Charles W. Price
502-245-1353
Media Contact
Joele Frank, Wilkinson Brimmer Katcher
Ed Trissel / Kate Clark / Tim Ragones
212-355-4449
Byproduct Sales Contact
Charah Solutions, Inc.
Scott Ziegler
502-245-1353
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