USFilter expands its hydrocarbon service offering with acquisition
USFilter announced today that it has acquired ProCycle Oil & Metals, Inc.
BALTIMORE, Sept. 20, 2001 — USFilter announced today that it has acquired ProCycle Oil & Metals, Inc.
With approximately 2,500 customers, ProCycle is a major provider of hydrocarbon fluid and wastewater management services to commercial and industrial markets in Texas, Oklahoma, Arkansas and Louisiana. Terms of the agreement were not disclosed.
The acquisition is a strategic move by USFilter Recovery Services (USFRS) to further penetrate the hydrocarbon fluid and wastewater market in Texas by expanding ProCycle's offering for used oil recycling, used oil filter recycling and parts cleaners services to customers in the region. In addition, USFRS will market its industrial services and surface cleaning services lines to the new customer base.
"The acquisition of ProCycle provides USFRS with a larger commercial customer base that closely matches our successful model in the East Coast and South Central regions of the United States. The ProCycle acquisition also allows us to expand our service line by offering parts cleaners to our existing customer base," said Mike Togneri, vice president and general manager of USFilter Recovery Services - Mid-Atlantic and South Central.
ProCycle, based in Springtown, Texas, was founded in 1991 and has grown into a major provider of used oil and used oil filter recycling services. Recovered oil is marketed into the asphalt manufacturing industry and industrial boiler fuel market as an alternate fuel.
USFilter is a Vivendi Water company, the global provider of commercial, industrial, municipal and residential water and wastewater treatment systems, products and services, with operations in more than 100 countries. Together, Vivendi Water, Onyx (solid waste and industrial services), Dalkia (energy management), and Connex (transportation and logistics) comprise Vivendi Environnement, the largest environmental services company in the world with annual revenues of more than $23 billion. Visit USFilter's web site at www.usfilter.com.