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Following an unsuccessful effort to achieve synergies between the two operations, Vopak will remain as a tank storage and logistics operator, while chemicals distribution will be operated by a new company named Univar. Other over-acquisitive logistics players should take note: sometimes diversification just doesn't work out.
Published By Datamonitor
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18 Jun 2002 |
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The new company will take the chemical distribution operations, leaving Vopak free to concentrate on its logistics and storage operations. Splitting its distribution and logistics activities into different companies should improve the potential for growth in each individual area.
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22 Apr 2002 |
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