October 4, 2011 [Stolt-Nielsen Ltd.] - Stolt-Nielsen Ltd announced the completion of its previously announced acquisition of a 70% stake in Marstel Terminals, a privately held network of nine bulk-liquid storage facilities in Australia and New Zealand.
To be renamed Stolthaven Australasia Pty. Limited, the operation consists of approximately 177,000 cbm of total storage capacity, with expansion plans for 200,000 cbm of additional capacity to be completed within 2014. The founders of Marstel Terminals will own the remaining 30% of the equity and be a key part of the Stolthaven management team.
