InterBulk acquires UBC

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Posted in: , on 22. Mar. 2007 - 19:53

22nd March 2007

InterBulk Investments plc

InterBulk acquires United Transport International Ltd.

UTI, trading under the name of UBC is Europe’s leading company to provide logistics solutions for the movement of dry bulk products in intermodal bulk containers (bag in the box).

InterBulk Investments plc ("InterBulk") is a leading provider of global logistics solutions for the movement of liquid & dry bulk materials. InterBulk owns United Transport Tankcontainers BV(“UTT”), one of the world's largest operators of Tankcontainers for the movement of liquids, and InBulk Technologies (“InBulk”) which has developed innovative technology that allows Dry Bulk materials to be moved efficiently in a type of tankcontainer, known as an ISO-Veyor.

The Company announced that on March 16, 2007 it had conditionally agreed to acquire the entire issued share capital of UTI.

UTI, trading under the name of UBC, provides Dry Bulk door to door logistics services mainly for the Chemical and Food industries within Europe, and is Europe’s leading provider of Bag-in-Box Dry Bulk logistics (by fleet size).

UBC's fleet comprises approximately 13,500 (mostly 30 ft) containers and approximately 360 specialist trailers. UBC is at the forefront of Bag-in-box technology whereby specialist plastic liners are inserted into the containers to provide a secure and hygienic environment for bulk materials.

Koert van Wissen CEO of Interbulk commented;

“We are delighted to have UBC as part of the InterBulk group, the acquisition and integration will allow significant synergies and growth opportunities to be exploited within the enlarged group. InterBulk’s global network will provide an ideal platform to expand UBC’s business outwith Europe.”

Bill Thomson O.B.E, Executive Chairman of InterBulk commented;

“ InterBulk’s vision is to have one integrated group using four forms of Intermodal container technology, ISO-Tanks, ISO-Veyors, Flexi-Tanks and Flexi-Liners. The acquisition of UBC is a significant step in realising this vision”

For more information on InBulk please visit:

https://edir.bulk-online.com/profile...chnologies.htm

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