Spanish hydrocarbon storage company Tradebe Port Services has bought TWG Tanklager Wilhelmsburg, a chemicals storage provider in the Seaport of Hamburg, Germany.
Tradebe bought 100% of the shares in TWG from BDH Biodiesel Hamburg, an subsidiary of family-owned company by Dr. August Oetker KG. The TWG site comprises 14 storage tanks with a capacity to store 34,500 m3 of class B hydrocarbons, chemicals and specialty chemical products. It has a permit to increase the capacity by a further 40,000 m3. The facility also has a 9 m draught jetty which can accommodate seagoing vessels up to 230 m in length, and is well-connected to road and rail networks. It employs eight members of staff, who will be maintained by the new owner.
It is Tradebe’s first move into Germany, and the company says that it will now be able to offer improved services to customers, with greater storage capacity and the ability to store a broader range of products over two prime sites. The Seaport of Hamburg is the third largest in Europe.
Dr. August Oetker KG CFO Dr Heino Schmidt said that Tradebe, which is also family-owned, will ‘provide a good platform’ for the future growth and prosperity of TWG.
‘We are delighted with this acquisition as it allows to expand our storage terminal business in the strategic Port of Hamburg. This acquisition fits well with our strategy of providing a flexible and customised service to our clients and stakeholders, whilst enlarging the range of services into chemicals and specialty chemicals. Furthermore, the acquisition strengthens the presence of our group in the German market, a key geography for our group’s growth strategy. We see very attractive opportunities to develop new projects in TWG,’ says Tradeba chairman Josep Creixell.