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Announced

Completed

First State Investments completed the acquisition of Dutch tank storage and production facilities of Caldic for $111m.

Synopsis

First State Investments, a manager of infrastructure investments, completed the acquisition of Dutch tank storage and production facilities of Caldic, a full-service distributor providing innovative solutions for Food, Pharma, Personal Care and Industrial markets, for $111m. "We are delighted to have reached an agreement with Caldic on the acquisition of Caldic Chemie. This integrated storage and production facility provides an excellent fit with First State Investment's long term infrastructure investment philosophy and is a natural addition to our existing liquid bulk storage platform, EVOS terminals, providing a sizeable foothold in Rotterdam and entry into the attractive chemical storage market. We look forward to working with the highly skilled management team and employees to continue to sustainably develop and grow the business," Marcus Ayre, First State Investments Partner.

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