We are pleased to announce the rebranding of our operating unit in the Netherlands. As of 1 September, our collection company will continue to operate under the uniform name of AVISTA OIL BV in the Netherlands.
Wubben Handelsmiij BV was founded over 65 years ago in Delft and recognised the value of waste oil as a reusable resource at an early stage. This innovative way of thinking laid the foundation for the company. Over the years, Wubben has been able to expand its activities and has become a major player in the Dutch waste oil market. The strategic decision to move to Roosendaal enabled the company to utilise modern facilities and expand its range of services. In 2011, AVISTA OIL acquired the shares in the Dutch group of companies, opening up new opportunities for growth and innovation.
By changing its name to AVISTA OIL, our Dutch organisational unit is underlining its affiliation and connection to the AVISTA OIL Group. Regardless of the name change, the company continues to stand for future-orientated commitment to sustainability and innovative solutions.
The Dutch unit of AVISTA OIL is and will remain an important part of the Group's strategy to meet the growing demand for circular economy solutions. Thanks to state-of-the-art technologies and an expanded service portfolio, we are ideally equipped to tackle the challenges of the future.
We look forward to continuing this success story in a uniform guise under the AVISTA OIL Group.