[INDUSTRY NEWS]
Hertz Equipment Rental Expands Into Offshore Equipment Rentals With Acquisition of Delta Rigging & Tools’ Equipment Rental Operation Hertz Global Holdings, Inc. announced that its equipment rental division, Hertz Equipment Rental Corporation, (HERC) has acquired Delta Rigging & Tools’ offshore equipment rental division based in New Iberia, La., expanding its Oil and Gas customer base into the offshore market. “Hertz continues to make strategic
investments in the oil and gas exploration and production sector in North America,” commented Mark P. Frissora, Hertz Chairman and Chief Executive Officer. “We believe that Oil and Gas is one of the strongest segments of Hertz’s industrial business. The Delta Rigging & Tools acquisition allows Hertz to further penetrate the exploratory drilling activity in the offshore market and leverage our existing industrial Oil and Gas customer base by providing new products and services in this market segment.”
By acquiring the New Iberia operation,
Hertz continues its strategy of expanding into the Oil and Gas drilling markets in North America. Hertz Equipment Rental specializes in supporting this industry with 24/7 service and the rental of air compressors, light towers, welders, generators, pumps and a variety of tools and products. The New Iberia, Louisiana location was
Delta’s only equipment rental operation carrying compressors, light towers and welders. The purchase by Hertz Equipment Rental will allow for faster growth of the New Iberia operation, as it fits within Hertz’s core competencies of industrial rental solutions in power generation, pumps, industrial air compressors, light towers, welders and general offshore tools and products. “Delta Rigging & Tools continues to have
a strong presence with full service facilities throughout Louisiana. The sale of our New Iberia rental assets will allow us to continue to make capital improvements to existing facilities in Louisiana, as well as to expand
our presence in new markets,” said Kevin Rodgers, CEO of Delta Rigging & Tools.
Houston Wire & Cable Names James Pokluda CEO and Director Houston Wire & Cable Company announced recently that, in accordance with its previously announced succession plan, the Board of Directors has named James Pokluda III, President of the Company, to the additional position of Chief Executive Officer and elected Mr. Pokluda to the Company’s Board, effective January 1, 2012. Mr. Pokluda will replace Charles A. Sorrentino, the Company’s current CEO, who as previously reported, will resign from the Board and retire as Chief Executive Officer at year end. Mr. Pokluda was appointed President in
May 2011. Over the past 24 years, Mr. Pokluda has a demonstrated history of substantial contributions to the Company including the construction and leadership of its long-term growth plan, implementation of the National
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JANUARY-FEBRUARY 2012
WIRE ROPE EXCHANGE
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