Stolt-Nielsen Transportation Group Acquires Ermefer Food-Grade Container Business of Group Ermewa S.A.
London, England - May 31, 2005 - Stolt-Nielsen Transportation Group (SNTG), a subsidiary of Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Stock Exchange: SNI), announced today that it has acquired Ermefer, the food-grade container business of Group Ermewa S.A., a global provider of logistics services. Financial terms were not disclosed.
Michael W. Kramer, managing director, Stolt Tank Containers (STC), said, "STC is expanding. This latest acquisition underscores our commitment to our food-grade business and to enhancing STC's capacity to meet the growing needs of food-grade customers worldwide."
The transaction, along with other actions, will add nearly 300 tanks to STC's food-grade fleet.
"Shifting the management of the Ermefer fleet to STC will result in significant operational efficiencies, while increasing STC's presence and brand recognition in the food-grade marketplace," added Mr. Kramer. "We look forward to working with the management of Ermefer to ensure continued outstanding service to customers."
STC, with nearly 18,000 tank containers, is the world's largest door-to-door tank container operator. Stolt Tank Containers serves customer needs for specialty-liquid and food-grade services in all major markets worldwide. STC's Q.L.M. (Quality Lease Management) services are tailor-made comprehensive packages that incorporate integrated order management, technical support, shipping, repairs and maintenance for customers' owned or leased-in tanks.
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (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-Nielsen Transportation Group, provides integrated transportation for its customers. Stolt Sea Farm, wholly-owned by the Company, produces and markets high quality turbot and Southern bluefin tuna. The Company also owns 25% of Marine Harvest, the world's largest aquaculture company.
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