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Stolt-Nielsen S.A. Completes Acquisition of Taby Group
LONDON, October 15, 2008 - Stolt-Nielsen S.A. (Oslo B?rs: SNI) announced that its subsidiary Stolt Tank Containers (STC) today completed its previously announced agreement to acquire the tank-container operations of Taby Group, following the approval of German regulatory authorities. The transaction is effective from October 1, 2008.
Stolt Tank Containers is the leading provider of door-to-door global logistics and transportation services for bulk liquid chemicals and food-grade products. STC operates the world's largest fleet of stainless steel ISO tank containers, with nearly 26,000 currently in service, including many specialised units for aggressive or high-purity products, compressed gases and cryogenic cargoes, and manages more than 80 fleets of tank containers on behalf of its customers.
Jan Chr. Engelhardtsen
U.K. +44 (0) 20 7611 8972
Jens F. Gr?ner-Hegge
U.K. +44 (0) 20 7611 8985
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (SNSA or the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly owned subsidiary Stolt Tankers & Terminals and Stolt Tank Containers, provides integrated transportation solutions for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-Nielsen is currently listed on the Oslo Stock Exchange