November 04, 2022 [Reuters] – Liquid and dry bulk storage terminal, Colonial Terminals, has acquired two liquid terminals owned and operated by bulk liquid storage terminal operator, International-Matex Tank Terminals (IMTT). The facilities are located in Savannah, Georgia, US, and have approximately two million barrels of storage capacity supported by marine, rail, and truck access into the fast-growing southeastern US.
Christian Demere, CEO of Colonial Group says: ‘Colonial Terminals are excited to add new employees to the Colonial family, expand our ability to serve our customers and ensure the capacity for continued growth.’
The acquisition increases Colonial Terminals storage infrastructure to more than 6.5 million barrels and adds three berths along with approximately 130 acres of Savannah River frontage. Products stored at these facilities include industrial chemicals, pine chemicals, specialty chemicals, petroleum, base oil, asphalt, and others.
‘Our existing facilities are reaching their natural capacity, and the acquisition of these assets will provide the foundation for continued growth for decades to come,’ adds Ryan Chandler, president of Colonial Terminals.
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