Shippingtelegraph: Stolt-Nielsen buys UK tank operator Suttons
Stolt-Nielsen Limited has acquired the ISO tank operator Suttons International Holdings Limited (Suttons), making it a 100% owned subsidiary.
According to Stolt-Nielsen, the acquisition adds over 11,000 ISO tank containers to its fleet, enhancing its position as a leading liquid logistics provider. It also aligns with its strategy to leverage Stolt Tank Containers’ (STC) global platform.
STC is a global ISO tank operator, delivering to more than 100 countries. Suttons is a UK-headquartered ISO tank operator providing international end-to-end solutions to its customers.
“The combination of STC’s global network and fleet with Suttons’ specialist capabilities creates a stronger platform,” Stolt-Nielsen said in its statement on Wednesday.
Stolt-Nielsen is a long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture.
The Stolt-Nielsen portfolio consists of its three global bulk-liquid and chemicals logistics businesses Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers – Stolt Sea Farm and various investments.
The company is listed on the Oslo Stock Exchange.
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