02 Jul Koole Terminals intends to acquire Odfjell Terminals’ Rotterdam storage assets
Koole Terminals B.V. (“Koole”) is pleased to announce that it has the intention to reach agreement on Koole acquiring Odfjell Terminals (Rotterdam) B.V. (“OTR”) and Odfjell Terminals Maritiem B.V. (“OTM”) from Odfjell Terminals B.V.. The intended acquisition will be subject to customary conditions, including finalisation of the advice procedure with the Koole works council and the OTR works council and regulatory approvals. Located at Botlek in the Port of Rotterdam, OTR stores both chemical and mineral oil products and operates a PID facility which provides independent product distillation services.
John Kraakman, CEO of Koole, said: “We are very excited to welcome OTR and OTM to Koole. Assuming completion of the transaction, we look forward to integrating the terminals into our existing network and working with the existing stakeholders to continue to grow the businesses.”