Wetstock management specialist Fairbanks has been acquired by OPW, a business within the American Dover Corporation that recently acquired the dispenser and systems divisions of Tokheim.
David Crouse, president of OPW, said: “The acquisition of Fairbanks will expand OPW’s end-to-end solutions, providing our customers with integrated around-the-clock fuel monitoring and data analysis as an option within the larger OPW suite of products and services. By providing this additional capability, we can help customers detect and eliminate fuel loss, reduce operating costs, improve profitability and meet environmental and regulatory requirements. Protecting people and the environment is a key tenet for OPW, and we can further support that mission with the addition of Fairbanks.”
Steve Jones, co-founder of Fairbanks, commented: “Today’s announcement is an important milestone for Fairbanks as we join forces with OPW; the power of this major brand name will help to significantly boost our profile within the industry. This union promises an exciting future as we embark on the next stage of the Fairbanks journey.”
Antoine Soulier, newly appointed managing director of Fairbanks, said: “Fairbanks is excited to join the OPW team. With its global footprint, OPW provides a great opportunity to expand Fairbanks’ products and services into new markets and regions.”
The two companies said Fairbanks would continue to operate as a separate entity, while leveraging the capabilities of OPW and Tokheim.