Stolthaven Terminals has announced the sale of its Altona Terminal to the Australasian Solvents & Chemicals Company (ASCC).
Guy Bessant, President of Stolthaven Terminals, said: “A decision was made to divest the Altona terminal in line with our regional strategy. We know ASCC well as an existing customer, with a strong brand in the market, and know they will provide continuing support to our valued customers in the area. The Australian chemical market will benefit from ASCC’s expertise as they take on management of the site.”
ASCC states: “The acquisition of the Stolthaven Altona Terminal in Australia further strengthens and compliments our current portfolio offered to our customers.”
The terminal accommodates specialised blending facilities, storage and warehousing of both chemical and non-chemical products, combustible and/or dangerous goods in bulk and packaged products.
ASCC’s Group CEO, Leanne Wilkins said: “ASCC is very excited by this new addition to our group of companies. For ASCC to invest in Altona, we know that we are committing to the Australian manufacturing markets long term. Altona will continue its operations in supplying quality blending, storage and distribution facilities to existing and future customers. And will retain all current employees on the site. ASCC looks forward to servicing our valued customers.”
It notes that safe and efficient facilities can be provided for the storage and handling of a wide range of dry products, petroleum and chemical liquids. Facilities are tailor-made to address hazards and requirements of the substances, to meet customer specifications.