SYRACUSE, N.Y. — NOCO Energy on Thursday announced the acquisition of Glycol Blender, a Syracuse–based glycol supplier and recycler.
NOCO Energy is headquartered in Tonawanda, near Buffalo.
The transaction closed Sept. 1, the firm tells CNYBJ. NOCO didn’t disclose any financial terms of the transaction.
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Glycol Blender sells and delivers neat and blended glycols — a type of antifreeze used as a coolant in commercial and industrial applications — to a range of customers throughout the Northeast and Mid-Atlantic.
It also recovers used glycol/water mixes for recycling.
The website for Glycol Blender lists a manufacturing site at 619 W. Fayette St. in Syracuse and a mailing address in Weedsport. Glycol Blender employs three people, all of whom will remain with the company, NOCO Energy said.
Through this acquisition, NOCO is expanding its recovery and recycling business, “immediately” providing glycol products and services to heating, ventilation, and air conditioning (HVAC), heavy-duty trucking, and natural-gas markets. NOCO also wants to eventually integrate additional chemical supply and environmental services. such as hazardous and non-hazardous-waste removal.
NOCO has also established a new division, NOCO Innovative Industrial Solutions, as a result of this acquisition.
“As part of NOCO’s continued strategic growth and enhanced commitment to innovation and sustainable energy solutions, the addition of Glycol Blender extends our company’s footprint across the East Coast,” Jim Dentinger, president of NOCO Enterprises Company, LLC, said in a statement. “With the Glycol team’s expertise, NOCO can grow our recycling business beyond oil and into glycols, solvents, and other wastes, proving more offerings and value to our commercial and industrial customers.”
E.J. Docteur — the owner of Glycol Blender — joins NOCO as general manager of NOCO Innovative Industrial Solutions, NOCO said.
Established earlier this year, NOCO Enterprises Company, LLC has been focused on strategic business acquisitions and new market opportunities, including growing the company’s traditional fuels distribution, natural gas and electric, and HVAC services.
About NOCO Energy
Describing itself as a full-service energy provider, the family-owned NOCO has been serving residential and commercial customers for more than 85 years.
NOCO’s products and services include energy consulting, commercial fuels, natural gas, electricity, propane, heating oil, HVAC sales and service, used oil and fluid waste recycling, renewable energy, and energy-efficiency products.
