Clearwater International was adviser to Gunnar Lund Group in the divestment of the companies Gunnar Lund Olieservice A/S, Jysk Miljørens A/S and U.F. Teknik A/S to NORD (the former Kommunekemi and H20 Liquid Waste).
Gunnar Lund Group is among the market leaders in the Danish market in collection and treatment of waste oils, including waste oil from garages, gear and hydraulic oils, and all kinds of oil-contaminated water mixtures in different proportions such as slop oil from ships and drilling/cutting oils. Gunnar Lund Group has storage and treatment facilities in Esbjerg, Copenhagen, Aarhus, and Fredericia.
NORD is the leading hazardous waste management company in Denmark and is owned by the Swedish private equity fund EQT.
The two companies have cooperated for many years and will benefit from a number of synergies and common development in Scandinavia and Denmark.