October 2019

Marquard & Bahls Sells United Bulk Terminals Davant Facility

In September, United Bulk Terminals USA, Inc., a subsidiary of Marquard & Bahls, and Host Davant, LLC reached an agreement on the sale of United Bulk Terminals Davant, LLC (UBT). This transaction was completed by the parties on September 30, 2019 with effect as of October 1, 2019. The transaction is in line with Marquard & Bahls' revised strategy of concentrating on its core activities in tank storage logistics, trading and aviation fuelling as well as investing in adjacent businesses in the energy and chemical sector.