Dupré Logistics, Hoyer Group Team to Create Hoyer Bulk

Jan 23, 2020 at 09:47 AM CST
A pair of recent deals are reshaping the structure of companies that serve the energy and bulk-hauling sectors in North America. Louisiana-based Dupré Logistics and Germany’s Hoyer Group on Jan. 15 announced a joint venture to create Hoyer Bulk, a Houston-based operation that Hoyer Group said will focus on transport of liquid products. Dupré will control a 51% stake in the company, while Hoyer Group will hold a 49% stake. Both companies specialize in tanker-based transport of liquids and dry bulk. “Partnership with Dupré is a logical expansion of our internationally aligned overseas activities by providing transport services in North America,” said Hoyer Group CEO Ortwin Nast in a statement. “We thereby enlarge our portfolio of services and also meet the growing demand for transport capacities in the North American market.”

Jan 23, 2020 at 09:47 AM CST

A pair of recent deals are reshaping the structure of companies that serve the energy and bulk-hauling sectors in North America. Louisiana-based Dupré Logistics and Germany’s Hoyer Group on Jan. 15 announced a joint venture to create Hoyer Bulk, a Houston-based operation that Hoyer Group said will focus on transport of liquid products. Dupré will control a 51% stake in the company, while Hoyer Group will hold a 49% stake. Both companies specialize in tanker-based transport of liquids and dry bulk. “Partnership with Dupré is a logical expansion of our internationally aligned overseas activities by providing transport services in North America,” said Hoyer Group CEO Ortwin Nast in a statement. “We thereby enlarge our portfolio of services and also meet the growing demand for transport capacities in the North American market.”