Stolt-Nielsen Limited Completes the Acquisition of Marstel Terminals
LONDON, October 4, 2011 - Stolt-Nielsen Limited (Oslo B?rs: SNI) announced today the completion of its previously announced acquisition of a 70% stake in Marstel Terminals, a privately held network of nine bulk-liquid storage facilities in Australia and New Zealand.
To be renamed Stolthaven Australasia Pty. Limited, the operation consists of approximately 177,000 cbm of total storage capacity, with expansion plans for 200,000 cbm of additional capacity to be completed within 2014. The founders of Marstel Terminals will own the remaining 30% of the equity and be a key part of the Stolthaven management team.
Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
Jens F. Gr?ner-Hegge
VP Corporate Finance
U.K. +44 (0) 20 7611 8985
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of integrated transportation solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids through its three largest business divisions, Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-Nielsen Gas transports liquefied petroleum gas (LPG) with its fleet of very large gas carriers (VLGCs). Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.