Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers complete merger
Hoover Container Solutions (Hoover), Ferguson Group (Ferguson) and CHEP Catalyst & Chemical Containers (CCC), three global providers of container solutions products in the energy, petrochemical and general industrial markets, have finalized their merger to form the independent JV company, Hoover Ferguson Group (Hoover Ferguson).
Global supply chain solutions company, Brambles Limited, the owner of Ferguson and CCC, and First Reserve and Hoover management, the owners of Hoover, completed the transaction on October 21, 2016. The joint venture is 50% owned by Brambles and 50% owned by Hoover shareholders.
Hoover Ferguson brings together three service providers with demonstrated commitments to customer service, quality and operational excellence. The combined Hoover Ferguson business establishes one of the largest global fleets of rigid steel intermediate bulk containers (IBCs) and cargo container units (CCUs), offering more than 110,000 rental units worldwide, across a vast global network of more than 70 service centers in twenty six countries and supported by approximately 500 expert team members.
Hoover Ferguson will have a prominent market presence in every major energy basin and petrochemical manufacturing center in the world. Through its growth and development, Hoover Ferguson will continue to deliver a globally diverse suite of products, services and solutions, including the manufacturing of a comprehensive range of IBCs, catalyst containers, trash compactors, food grinders and offshore workspace/accommodation modules.
Donald W. Young, Chairman and CEO of Hoover, will lead the new company, supported by a management team comprised of senior executives from Ferguson, CCC, Hoover and Brambles.
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