VARO Signs Deal to Acquire the Business Activities of SMD Beheer BV in The Netherlands
09.30.2019 By Ricardo Perez - NEWS

September 30, 2019 [Euro Pétrole] – VARO Energy (VARO) announced that the company has agreed to acquire 100% of the shares in SMD Beheer BV, a company within the Calpam-group.

 
SMD Beheer owns and operates a terminal in Gorinchem (NL) with a total capacity of 9.000cbm, as well as a network of 19 retail service stations located in the central part of the Netherlands.

The business lines which distribute lubricants and deliver fuel oil to home-based customers are not core to VARO’s strategy and will be taken over by GP Groot. Through this agreement, VARO will further strengthen its position as an integrated fuels and service supplier in the Netherlands, leading to better service and access to products for the company’s B2C and B2B-clients across the country.

With the addition of these19 Calpam-branded stations, which will be renamed to Argos in the coming months, VARO will operate over 170 retail service stations across the Netherlands.

VARO CEO Roger Brown said: “With this transaction, we’re continuing to expand our customer offering in both the wholesale and end-consumer segment in the Netherlands. We optimize our presence to offer greater flexibility to our terminal clients, while we continue to get closer to the end-consumers by increasing the density of our network.

Calpam directors Karel van Cappelle and Ron Voorham commented: “The oil distribution market is consolidating rapidly, this is the right opportunity for us to capitalize on a growth opportunity with a new partner and grow the business to the next level.
 
GP Groot director Pieter Talsma added; “We have worked with VARO for many years and reached a similar agreement a few years ago when we acquired the Argos-branded home base fuels delivery and lubricants activities of VARO in the Northern part of the Netherlands. The acquisition of the Calpam lubricants and home base fuel deliveries is a logical and value adding next step in our growth strategy.
The closing of this transaction is anticipated to take place at the end of October 2019, subject to the approval of the Dutch competition authorities.

 
————-
 

Click Here to Access Today a 4,900 Tank Terminal Database With a Pro Trial
Click on the button and register to get instant access to actionable tank storage industry data

Senegal Set to Ship Its First LNG in Early 2025
11.07.2024 - NEWS
November 07, 2024 [Oil Price]- West African country Senegal is on track to see the first LNG ship... Read More
Mercantile & Maritime Opens Middle East's Largest Biofuel Facility in UAE
11.07.2024 - NEWS
November 07, 2024 [Chem Analyst]- Mercantile & Maritime Group, a prominent global player in e... Read More
Avina Clean Hydrogen Breaks Ground on Green Hydrogen Facility
11.07.2024 - NEWS
November 07, 2024 [Chemical Industry Digest]- Avina Clean Hydrogen to build a green hydrogen faci... Read More
Rotary Engineering Secures EPC Contract for TA’ZIZ Chemical Storage Terminal at ADIPEC 2024
11.07.2024 - NEWS
November 07, 2024 [Storage Terminals Magazine]- At ADIPEC 2024, Rotary Engineering was honoured w... Read More