HES International B.V. (HES) is proud to announce that HES acquired the remaining 25% of the shares ultimately held by Oxbow as per 1 March 2022, resulting in a 100% interest in OBA Group (OBA) by HES.
OBA has traditionally been focused on the storage and transshipment of coal and agricultural products. Early 2020 OBA embarked on a transformational journey, which aims to strengthen its Agri & Minerals activities as well as to develop logistic services solutions in support of bulk production processes to be established at the OBA site. The acquisition by HES of the remaining interest in OBA, enables OBA even better to optimize its capacity and become the leading, multifunctional dry bulk terminal operator in the Port of Amsterdam. As part of that same strategy, OBA already acquired IGMA Bulk Terminal from Cargill in 2021.
The acquisition ties well in with the HES group strategy to strengthen the dry bulk portfolio by investing in state-of-the-art infrastructure for the storage and handling of Agri & Minerals products.
The shared ownership of HES and Oxbow in OBA Group has always been very constructive and highly valued by HES. As sole shareholder we very much look forward to continue to build on OBA’s position as a leading independent bulk terminal in Amsterdam with a focus on delivering long-term, sustainable growth. The current partnership of HES and Oxbow as shareholders of OVET in Flushing and Terneuzen will remain unchanged.
ABOUT HES INTERNATIONAL
Contributing to the world of tomorrow, that’s what we do at HES. With 18 terminals in 6 countries at strategic located ports in Europe we are an important switch in the continuous delivery of essential building blocks for our everyday life needed to develop, sustain and improve the world around us. Our professional staff of 1,350 ensure that bulk commodities are safely stored, handled and processed 24/7 for customers from all corners of the globe.
We pursue sustainable growth of our Agri & Minerals and liquid product portfolio as well as an expansion of our processing activities through expansion of our existing sites, greenfield development and the acquisition of operating terminals. In addition we have a strong focus on adjacent business opportunities that arise from the energy transition such as hydrogen, refrigerated gases and chemical recycling.
We want to create long-term growth and value for all our stakeholders including employees, customers, shareholders and the communities and countries in which we operate. This is underpinned by our focus on safety and our core values of integrity, respect, accountability, openness and entrepreneurialism.
HES International is headquartered in Rotterdam and has already been carefully handling bulk raw materials since 1908. Macquarie Asset Management, via Macquarie European Infrastructure Fund 5, and West Street Infrastructure Partners III, managed by the Goldman Sachs Asset Management Infrastructure business, each indirectly control 50% of the shares of HES International B.V.
Contributing to the world of tomorrow, that’s what we do at OBA. We are strategically situated in the Port of Amsterdam and are an important switch in the continuous delivery of essential building blocks for our everyday life needed to develop, sustain and improve the world around us. OBA serves international customers from a variety of sectors and industries, including the energy and steel sectors, the animal feed industry, chemical- and recycling industry. Our professional staff ensure that a wide variety of bulk products are safely stored and handled 24/7 with care for people, the environment and the community in which we operate.