CLH completes Inter Terminals sites purchase to become the leading bulk liquid logistics company in Europe13 November 2020
The acquisition of 15 terminals in four countries follows CLH Group’s strategy of international expansion and diversification in response to climate change.
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. (TSX: IPL).
Through this transaction, CLH are adding a further 15 bulk liquid storage terminals to its current network, making the company the leader in Europe with operations in 8 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 that “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.
The ITL businesses in scope of the agreement currently have a workforce of 530 highly experienced and technically qualified employees and CLH is committed to ensure facilities continue to be operated under the highest levels of safety and quality conditions.
Citigroup acted as financial advisor to CLH.
About CLH Group
The CLH Group is the leading company engaged in the transport and storage of oil products in the Spanish market and the second largest logistics operator in Europe, in terms of pipeline network and storage capacity.
The company employs more than 2,300 professionals and currently operates in 8 countries: Spain, the United Kingdom, Ireland, Germany, the Netherlands, Panama, Ecuador and Oman, with a pipeline network of more than 6,000 kilometres, 68 storage terminals and 45 airport facilities, with a capacity of more than 11 million cubic metres.
More information on the company can be found on www.clh.es