THE merger of global container specialists Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers (CCC) has been finalised with the formation of independent joint venture company, Hoover Ferguson Group.
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 in late October, with the joint venture now owned 50/50 by Brambles and Hoover shareholders.
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 centres in 26countries and supported by approximately 500 expert team members.
Donald 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.
“This strategic merger will add scale across our combined markets which will position Hoover Ferguson to bid on larger projects and help us maintain a footprint that better services customers globally,” Mr Young said.
“Hoover Ferguson is committed to providing our clients with solutions-based, quality products and an unparalleled level of customer service.”