The Hoyer Group reports it plans to invest more than $104 million in infrastructure, asset, and digitalization improvements that support customers in the chemicals, gas, foodstuffs and petroleum products industries. The company also plans to realign its business model by handing regionally based petroleum products deliveries to service stations, and transferring local bitumen logistics to Auctus Capital Partners.
“For Hoyer as a family business, quality, safety, and reliability are a benchmark and a matter of course at the same time,” Hoyer CEO Björn Schniederkötter said in a news release. “However, we consider that the true added value of our services for our customers lies in the early further development of our own services in order to recognize the changing requirements of the producing industries at an early stage, and in developing suitable solutions as a strong partner.”
The Hoyer Group says it is meeting these developments in Europe and globally with “concrete” investments in the infrastructure of its cleaning facilities, workshops, and depots, including those in Houston, Texas; Pinthong, Thailand; and Ludwigshafen, Germany. By providing services for tank container handling, the company’s network of sites will help to optimize the turnaround times of the tanks.
Moreover, Hoyer plans to make dangerous goods storage for tank containers available to Houston customers, helping make their workflows more flexible. The company plans further investments, including in the areas of tank containers and the IBC fleet to more quickly meet worldwide demands for suitable equipment. “The creation of added value for our customers along the whole of the supply chain is important to us,” Schniederkötter said.
“That begins with our supply chain solutions employees in the filling plants and extends to expanding our digital services in our customer portal.”
The decision to hand over to an investor the business of regional service station supplies and bitumen logistics, which is especially strong in Germany and in the United Kingdom, also follows Hoyer’s “strategic growth pathway,” the company said. The transaction is subject to the approval of competition authorities. The business gains a strong partner that supports the development of its activities in a challenging market, helping it seize existing opportunities. The staff will operate independently under the new name Oxalis Logistics.
“We are setting our course for the future,” said Thomas Hoyer, chairman of Hoyer’s advisory board. “As a family-managed business, we always approach these topics in a strategic, forward-looking way. We think and act in terms of generations. In the new arrangement, we will be able to concentrate on the further pursuit and direction of all of our European and global activities.”