SCA to Sell Logistics Terminal in Rotterdam to Matrans Holdings
SCA Logistics (Rotterdam) B.V.'s operations comprises the port terminal, stevedoring, forwarding and ships agency services.
June 3, 2019 (Press Release) - SCA intends to divest SCA Logistics (Rotterdam) B.V. to the Dutch company Matrans Holdings B.V. The transaction is expected to reduce SCA's net debt by about 575 M SEK, including both the purchase price and the effect of financial leases which are included in the sale. The divestment is expected to reduce SCA's EBITDA by around 30 M SEK on an annual basis. SCA Logistics (Rotterdam) B.V.'s operations comprises the port terminal, stevedoring, forwarding and ships agency services. The company leases quay and the terminal land area from the Port of Rotterdam and owns the warehouses, offices, cranes and vehicles located on the leased area. Matrans Holdings B.V. currently runs logistic services from neighboring terminals. As part of the agreement, Matrans Holdings B.V. will continue to supply logistics services to SCA . SCA Logistics will also continue to run efficient and regular marine feeder traffics for bulk, roro- and container via the Rotterdam terminal. The terminal, under the new ownership of Matrans, will be run by the same management and staff as today. “SCA has run its own logistic servies since 1967 and Rotterdam is one of the most important ports for SCA's products”, says Magnus Svensson, President Sourcing & Logistics. “Through the sale of the terminal to Matrans Holdings, we will be able to maintain the present high logistics service level.” SCA Logistics (Rotterdam) B.V. has approximately 80 employees in the Rotterdam terminal. The intended sale is subject to customary Workers Council consultation and approval by Port of Rotterdam. Based in Sweden, SCA produces solid-wood products, pulp, kraftliner, publication papers and renewable energy. To learn more, please visit: www.sca.com. SOURCE: SCA |