Den Hartogh Logistics agrees to sell its storage terminal in Moerdijk, The Netherlands
Rozenburg, The Netherlands, 24 October 2011
Den Hartogh Logistics is announcing the intended sale of its storage terminal in Moerdijk, The Netherlands, to Stolt-Nielsen Limited. The transaction is expected to close, subject to agreement on final contract, on December 31 2011.
The storage terminal for bulk liquid chemicals consists of 30 stainless steel tanks with a total capacity of 17,720 cbm. The facility includes a drumming operation, three warehouses, a jetty with a draft of 8.4 meters and a tank container storage depot.
Den Hartogh is making arrangements with Stolt-Nielsen to ensure a smooth transition for its employees, customers and other stakeholders.
The sale is consistent with Den Hartogh’s strategy of managing its portfolio to deliver maximum value to its customers in the core activities in which Den Hartogh is operating. The cash proceeds of the sale will be allocated to fund Den Hartogh’s global growth strategy.
Pieter den Hartogh, Group Managing Director of Den Hartogh Logistics: “Our decision to sell the financially healthy Moerdijk tank terminal is purely driven by the continuing focus on our strategy. It gives us the opportunity to strengthen our core-activities. These include the logistics of bulk liquid chemicals and gasses and tank cleaning. We are further developing our logistic services in Europe, CIS countries and on a global scale, where we opened offices in Houston, Singapore and Dubai this year and want to give this all the attention which our industry customers may expect from us.”
Boer & Croon acted as financial advisor to Den Hartogh Logistics.
Contact:
Pieter den Hartogh
Group Managing Director
NL +31 (0) 181 247800
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About Den Hartogh Logistics
Den Hartogh Logistics is a leading logistic services provider for the (petro)chemical industry. The family business, established in 1920, carries out more than 150.000 bulk gas and chemicals transports per year, all over the world. It also operates 5 tank cleaning stations within Europe. Den Hartogh Logistics has 30 branch offices, a staff of 1.000 and a sales turnover of EUR 200 million.
Den Hartogh Logistics; Ambitious people realising creative logistic solutions.
For more information about Den Hartogh Logistics: www.denhartogh.com
