CLH has completed the purchase of Inter Terminals’ bulk liquid storage facilities in the United Kingdom, Ireland, Germany and the Netherlands from Inter Pipeline Ltd.
It said this acquisition of 15 terminals in four countries follows the CLH Group’s strategy of “international expansion and diversification in response to climate change.”
Through this transaction, CLH adds a further 15 bulk liquid storage terminals to its current network, making the company the leader in Europe with operations in eight countries.
The chairman of CLH Group, Jose Luis Lopez de Silanes, stated that “this acquisition represents a unique opportunity to continue the company’s international expansion and consolidate its presence in the European market”.
CLH’s group chief executive officer, Jorge Lanza, added: “This transaction will expand CLH’s knowledge of chemical products and biofuel storage by gaining the experience of a European leader in these business segments. It is also in line with CLH’s strategy of diversification beyond hydrocarbons in response to the challenges of climate change.”
The 11 UK terminals included in the agreement have a capacity of 1.89 million cubic metres and can store a wide range of liquid products related to a number of supply chains including diverse chemical products, as well as traditional fuels and biofuels. Integrating these terminal facilities in the United Kingdom offer an excellent complement to CLH-PS, the CLH Group subsidiary already operating in the country.
In addition, the agreement also includes one terminal in Ireland, where CLH already operates at the Dublin airport through its subsidiary CLH Aviation Ireland, plus two more in Germany and one in the Netherlands.
For more information visit www.clh.es