M&A Deal Summary

Hoover CS Acquires Tech Oil Products

On September 17, 2015, Hoover CS acquired manufacturer Tech Oil Products

Acquisition Highlights
  • This is Hoover CS’s 1st transaction in the Manufacturing sector.
  • This is Hoover CS’s 3rd transaction in the United States.
  • This is Hoover CS’s 2nd transaction in Louisiana.

M&A Deal Summary
Date 2015-09-17
Target Tech Oil Products
Sector Manufacturing
Buyer(s) Hoover CS
Deal Type Add-on Acquisition

Target

Tech Oil Products

New Iberia, Louisiana, United States
Tech Oil Products, Inc. supplies industrial compactors, cardboard balers, drum crushers, filter crushers, food grinders and cargo equipment.

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Buyer(S) 1

Buyer

Hoover CS

Katy, Texas, United States
Category Company
Founded 1911
Sector Packaging
DESCRIPTION

Hoover CS is an integrated provider of chemical tanks, cargo carrying units, catalyst bins, modular containers and related rental products to the global energy, petrochemical & general industrial end markets. Hoover CS was founded in 1911 and is based in Katy, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Louisiana) 2 of 2
Country (United States) 3 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-10 Container Company

Aberdeenshire, United Kingdom

Container Company Ltd. is a supplier of cargo carrying units (“CCUs”) for the offshore oil and gas industry. Container Company designs, supplies and services a full range of standard and custom-built CCUs including chemical tanks, baskets, skips, workshops, mini, half height, closed top and freezer containers.

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