As a continuation of the press release published on July 6, 2020, announcing the acquisition of 100% of the shares in a leading Finnish group in the field of storage and handling of liquid chemical products and bio oils, Baltic Tank, Wibax is happy to report that the transaction was finalised on September 1, 2020.
As a consequence of the finalisation of the acquisition in accordance with the terms previously set out, Baltic Tank will be a part of Wibax’ Finnish group, with Wibax Holding Oy as its Finnish parent company. As part of the merger, the companies in Baltic Tank will have their names changed to Wibax Tank Oy and Wibax Tank AS respectively.
About Wibax
Wibax produces, adapts and supplies chemicals and bio oils, retaining control of the entire chain, from producer to end customer. Our operations consist of sales, import, production, development, service and maintenance, storage and distribution, primarily of liquid chemicals and bio oils in bulk. The group headquarters and production facilities are located in Piteå. There are operational terminals and offices throughout Sweden, Finland and Norway. The following companies are part of the group: Wibax AB, Wibax Logistics, Wibax Industrial, Wibax Biofuels, Wibax Performance Chemicals, Wibax Oy, Wibax Logistics OY and Wibax AS.
About Baltic Tank
Baltic Tank provides logistics and storage services for chemicals, including caustic soda, oil products and biofuels. The group includes Baltic Tank Oy, responsible for operations in Finland, as well as Baltic Tank AS, operating the Estonian terminal in Kunda. Baltic Tank is headquartered in Turku, Finland and operates in ports in both Finland and Estonia.
