London-based Hydrodec UK/OSS Group has rebranded itself as Slicker Recycling Ltd., the company recently announced. The business, based in Sandy Lane Industrial Estate, in Stourport, will operate as a private company under its new identity of Slicker Recycling Ltd.

In March, Leatherhead, Surrey, UK-headquartered Hydrodec Group sold its Hydrodec UK division for £1 (USD1.23) to Andrew Black, a non-executive director of Hydrodec Group and a substantial shareholder of the company. The sale included the transfer of around £1.2 million of existing third-party indebtedness. The estimated net assets of Hydrodec UK's operations were around £4.7 million as of December 31, 2015

Managing Director Mark Olpin said: "We are re-branding to help re-enforce our new identity and our new approach to business. Currently our main activity is the UK wide collection of waste oil from the automotive and general engine servicing industry. At our refinery in Stourport we recycle this into a reprocessed fuel oil, used for industry. We also collect and recycle other hazardous workshop wastes such as oil filters and batteries".

"Our offices and plant will remain in Stourport and we will be taking on extra staff so we can introduce additional general waste and recycling services. However the big plan is to build a UK base oil re-refinery which will turn waste oil back into its original state as a lubricant. The new plant would not be in Stourport for logistical reasons but all our other operations and HQ will remain here." said Olpin.

Two years ago OSS Group was acquired by UK-based Hydrodec Group plc, who also has operations in the United States and Australia. It currently employs 150 people working in its HQ, reprocessing plant and as collection drivers and provides a country wide oil and workshop waste collection and recycling service.