Hydrodec of North America, which collects and hydrotreats used transformer and naphthenic oils at its Canton, Ohio facility, has agreed to the merger with Ashtabula-based high voltage metal recycling business, Cleveland Industrial Recycling – with the expertise of both businesses joining to play a greater role in helping companies offset carbon emissions, conserve fossil fuels and gain Carbon Credits to help meet their sustainability goals.
The merger is the latest positive news for Hydrodec which was acquired by UK-based owning group Slicker Recycling in November last year.
The expanded company, which now counts over 50 employees, will be led by Gary Smith who becomes chief executive officer of the U.S. business – moving from the UK where he is currently Slicker Recycling’s operations director. Jim Szoka, former owner of Cleveland Industrial Recycling, will become the executive chairman of the amalgamated company.
Cleveland Industrial Recycling has 29 employees. Aside from its 74 acre Ashtabula, Ohio facility which processes high voltage scrap metal, the company also has sites in Mercer, Pennsylvania and Akron, Ohio which also process and drain transformers and high voltage electrical equipment.
The merger sees Slicker Recycling, which is headquartered near Birmingham in the UK, further increasing its global footprint and building its circular economy credentials after the 2020 opening of its $95 million base oil re-refinery in Denmark through a joint venture with its German partner, Avista AG.
Published in the October 2022 Edition