Business Services Industry
HydroChem Industrial Services acquires Halliburton business unit
Business Wire, Jan 11, 1995
HOUSTON--(BUSINESS WIRE)--Jan. 11, 1995--HydroChem Industrial Services, Inc. announced today that it has acquired the Halliburton Industrial Services business unit of Brown & Root Industrial Services, a subsidiary of Halliburton Company. The financial details of the transaction were not disclosed.
Halliburton Industrial Services provides chemical cleaning, hydrojetting and vacuum removal services to the petrochemical and refining, pulp and paper, and power industries throughout the United States. Revenues were approximately $45 million in 1993.
"The Halliburton corps of experienced people, together with their technology and excellent customer base, complement HydroChem's growth plans extremely well and, particularly, our near term geographic expansion opportunities," said B. Tom Carter Jr., chairman and chief executive officer of HydroChem. "With these additional resources, HydroChem is well positioned to remain a leading provider of industrial cleaning services." Carter noted that HydroChem revenues have increased substantially in the past year from internally driven growth.
HydroChem Industrial Services, headquartered in Houston, is a privately held company with operations throughout the United States, in Kuwait and Singapore. HydroChem is wholly focused on providing industrial cleaning services to various industries including hydrocarbon processing, both fossil fueled and nuclear power generation, pulp and paper mills, marine, steel and pipeline.
CONTACT: HydroChem Industrial Services
Dorothy Botnick, 713/462-2130
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- CORRECTION FROM SOURCE/Media Advisory: Fallen Canadian Soldiers and Journalist Return Home
- Fox Networks Group and Bright House Networks Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Fox Networks Group and Time Warner Cable Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Houston Radio D.J. Kevin Kline Completes 500-Mile, 13-Day Ultramarathon Across Texas for Kids with Cancer
- Seaspan Corporation Provides Information on the CSCL Hamburg
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
