Mabanaft and Bominflot Bunkergesellschaft für Mineralöle are combining their bunkering businesses, which in the future will operate as part of the Mabanaft organisation.
On 28 September 2011 the two companies announced the signing of an acquisition agreement, which is subject to approval by antitrust regulators. The parties have agreed not to disclose the pricing of the transaction.
The combination of Bominflot and Matrix Marine, Mabanaft’s subsidiary in the bunkering business, will enable both companies to leverage their respective strengths in sustainable fashion over the long term to secure further growth.
Under the agreement, all bunkering operations of Bominflot and Matrix Marine will be combined into the Bominflot Group, which will operate under the Mabanaft umbrella. The companies will continue to operate under their existing names which are well known in the market.
Following the merger, Bominflot MD Peter Schreiber will be in charge of the entire Bominflot Group. Stefan Herde, MD of Matrix Marine Holding, will be appointed as part of the Bominflot Group executive management team.