Report

Flash note: Strengthening the UK platform

Hydrodec has announced that it is to acquire the business, assets and trade name of Eco-Oil from Eco-Oil International for £2.4m. The transaction strengthens Hydrodec’s platform for the production of re-refined oil in the UK and provides opportunities for improving the profitability of OSS, the group’s existing UK oil recycling operation. Our forecasts are under review post recent publication of the FY14 figures.
Underlying
Hydrodec Group PLC

Hydrodec Group is a clean-tech industry oil re-refining group with operations in the U.S. and Australia. Co.'s principal activity is the re-refining of used transformer oil into, and the sale of, new SUPERFINE™ oil.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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