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Brambles sets up oil, gas container JV

AAP logoAAP 23/10/2016

Logistics giant Brambles has completed a merger of its oil and gas container solutions business with US company Hoover Container Solutions.

The new joint venture, called Hoover Ferguson Group, has already received US approval and was completed on Friday.

The JV creates the second-largest provider in the global oil, gas and container logistics sector and is 50 per cent owned by Brambles and 50 per cent owned by Hoover shareholders.

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