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.