Caldic is selling its tank storage and production facilities in Europoort, The Netherlands, to First State Investments.
Caldic is a prominent producer of formaldehyde with its derivatives paraformaldehyde and hexamethylenetetramine. The Caldic Chemie Europoort site comprises jetty, truck and railcar loading and thanks to its strategic location it offers a direct connection to all major European waterways and inland road and rail systems.
The site was expanded in 2010 with additional storage capacity to a total of 174,000 m3 for the storage of methanol and bioethanol.
The decision to sell the tank storage and production portfolio represents a pivotal step in executing on Caldic's strategy to focus more on distribution activities within the food, health & personal care and industrial markets.
Rudi Appels, managing director of Caldic Chemie, says: 'We are thankful to have been part of Caldic for almost 30 years and the growth that we have been able to achieve. We now look forward to new times and new opportunities together with First State Investments. Under their leadership, we will continue to provide our tank storage, our great service and production facilities to our customers.'
Marcus Ayre, partner infrastructure investments at First State Investments, adds: 'We are delighted to have reached an agreement with Caldic on the acquisition of Caldic Chemie. This integrated storage and production facility provides an excellent fit with First State Investment's long-term infrastructure investment philosophy and is a natural addition to our existing liquid bulk storage platform, EVOS terminals, providing a sizeable foothold in Rotterdam and entry into the attractive chemical storage market.'
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