Hoover Container Solutions Acquires Container Company Ltd.

HOUSTON (March 10, 2014) – Hoover Container Solutions has acquired Container Company Ltd., a supplier of cargo carrying units (CCUs) for the offshore oil and gas industry. This acquisition complements Hoover's recent acquisitions of Consult Supply AS and Dolphin Energy Equipment. Headquartered in Aberdeen, Scotland, 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. Container Company conducts final product inspections through its in-house test engineers. “This acquisition enables us to better serve our global customers with expanded facilities, products and services. Hoover now has a meaningful footprint in substantially all major offshore energy hubs around the world including Houston, Texas; Scott, New Iberia and Port Fourchon, La.; Aberdeen, Scotland; Stavanger, Norway; Abu Dhabi, UAE; Kuala Lumpur, Malaysia; Perth and Melbourne, Australia; and Macae, Brazil,” said Donald Young, Hoover’s chairman and chief executive officer. “As we continue our international growth plan, it is imperative that we continue to provide quality products, services and solutions to our worldwide customers, and Container Company’s presence and reputation in the Aberdeen market will be a key asset in this expansion program.” Andy Drummond, Container Company’s managing director, said, “We believe becoming part of Hoover Group presents Container Company with a great opportunity to work alongside a successful, worldwide organization. This will enable us to provide our clients with a larger product range globally and assist them with products which we previously were unable to supply. The investment that Hoover brings to Container Company enables us to grow the business significantly for the future.” A subsidiary of Hoover Group, Inc., Hoover Container Solutions provides products, services and solutions for the storage and transportation of fluids, cargo and waste primarily to the energy and general industrial markets.