Odfjell SE : Odfjell Terminals entered into a Letter of Intent to purchase Chem-Marine Corporation
(Thomson Reuters ONE) -
Odfjell Terminals has entered into a Letter of Intent to purchase Chem-Marine
Corporation of South Carolina. Chem-Marine controls a 25.3 acre/10.2 hectare
site through a long term land lease, and is located adjacent to Odfjell's tank
terminal in North Charleston, South Carolina, USA.
The property is situated on the Cooper River and has a 250 meters deep-water
front and a 12.5 meter draft ship berth, with one dedicated stainless steel
lines connected to 12,800 cbm of storage in two carbon steel tanks.
The facility currently handles the discharge of Alcoa's alumina carrying vessels
for once or twice per month which is conveyed to onsite dry storage facilities.
Daily rail loadings of alumina are shipped to Alcoa's primary aluminium
production facility in Mt. Holly, SC.
This acquisition offers an opportunity for expanding Odfjell's physical presence
in the South East region of the US. Further to this, the Chem-Marine Corporation
of South Carolina has been a valuable part of the Charleston community for over
35 years adding strength to Odfjell's continuing commitment in this region.
This acquisition has an estimated value below USD 10 million.
The transaction will be consummated through Odfjell Holdings (US) Inc., a
subsidiary of Odfjell Terminals AS, which is the joint venture company owned
51% by Odfjell SE and 49% by Lindsay Goldberg.
For more information please contact:
Terje Iversen, CFO Odfjell SE
Tel: + 47 55 27 00 00
E-mail: terje.iversen(at)odfjell.com
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Source: Odfjell SE via Thomson Reuters ONE
[HUG#1721572]
Unternehmensinformation / Kurzprofil:
Datum: 07.08.2013 - 08:31 Uhr
Sprache: Deutsch
News-ID 285373
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Kategorie:
Business News
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