Hydrodec of North America, an Ohio based naphthenic oil treatment company, has been acquired by a British-based environmental group.
The company, which collects and hydrotreats used transformer and naphthenic oils at its Canton facility in northeast Ohio, has been taken over by UK firm Slicker Recycling Ltd.
The acquisition sees Slicker, which is headquartered near Birmingham in the UK, increasing its global footprint.
Hydrodec received carbon credit approval from the American Carbon Registry in 2016 enabling its product to be sold with a carbon offset and creating an incremental revenue stream.
Published in the February 2022 Edition