Stolt-Nielsen S.A, the Norwegian provider of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids, has announced that it has signed an agreement to acquire the tank container operations of Germany’s Taby Group.
Oslo-based Stolt-Nielsen provides a range of transportation and tank services and the deal to acquire operations of the Taby Group is seen as a perfect business fit.
The Taby Group, with annual turnover of around $120m, is a privately held company headquartered in Hamburg, Germany. The company currently operates a fleet of approximately 5,000 tank containers, including many specialised units for aggressive or high-purity products, and for compressed liquefied gases and cryogenics.
Taby operates primarily in Europe, the US, South East Asia, China and Taiwan, and is currently focused on the development of emerging markets in Turkey, India, the Middle East and Brazil.
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