November/December 2015
IBCs & Industrial Packaging
BULKDISTRIBUTOR
13
Hoover acquires Tech Oil Products Green for
H
Safe to Go
oover Container Solutions has bought Tech Oil Products, Inc.
Founded in 1980 and headquartered in New Iberia, Louisiana,
Tech Oil makes waste processing and handling equipment for the oil &
gas and marine sectors.
The company designs, manufactures, sells and rents a line of waste
compacting, processing and recycling products, as well as offshore
cargo equipment. Best known for its Enviro-Pak, SafeSub, Windchiller
and Top Offshore Basket brands, the full product line includes over 60
products known for “reliable and safe operation”.
Recycle the Gulf - a partnership between producers and operators,
Tech Oil and the Arc of Acadiana - was launched in 2001 with the goal
of reducing and recycling the volume of wasted generated offshore in
the Gulf of Mexico. The programme provides a valuable service, Hoover
says, and has made Tech Oil a trusted pillar of the Gulf Community and
a responsible warden for the environment.
“The acquisition of Tech-Oil will firmly establish Hoover as a premier
supplier of waste processing and handling equipment, offshore recycling
equipment, chemical, cargo and waste management tanks, baskets,
containers and related accessories and services,” said a Hoover
statement. “Together its will continue to provide a diverse product
range and robust services to customers across the region and in the
global energy market.”
Hoover’s CEO, Donald Young, commented: “Hoover is always working
to introduce innovative products and services to the market and expand
operations to best meet our customer needs. The combined HooverTech Oil offering is one of the largest and most diverse in the Gulf of
Mexico region and makes Hoover one of the only worldwide companies
to offer a full range of cargo carrying units including chemical, cargo
and waste management products to the global energy market. This
acquisition follows our partnership with First Reserve last January and
supports our growth plan.”
“The partnership of Hoover and Tech Oil will allow us to provide a
more complete product and service offering to our customers
Worldwide.” said John Zimmer, president of Tech Oil Products. “We are
excited to work with the Hoover because both teams share a similar
commitment to high quality products and superior customer service.”
Recently, private equity firm First Reserve agreed to invest an
undisclosed sum in Hoover Container Solutions.
I
ere
n
tio
a
v
no
Young said the time that he expects the injection to bolster Hoover’s
financial position and allow the firm to accelerate growth as well as
continue to introduce innovative products and services.
Hoover’s Australian subsidiary has moved to a larger facility in Perth,
Western Australia (WA) to accommodate its expansion in the region.
The new distribution and service centre allows Hoover to provide
expanded services in the state while handling all IBCs, ISO tanks and
offshore equipment destined for oil and gas platforms, mining sites,
islands and supply bases north of Perth.
The site sits on more than an acre in the Marine Support C