Royal Vopak: Takeover nears conclusion

Dutch-based chemicals distributor Royal Vopak is now close to total ownership of Ellis & Everard, the British-based chemical distributor which owns Distrupol in the UK and Performance Polymers in the USA. The purchase offer was made last November and Vopak has steadily secured E & E shares to the extent that it now owns or has acceptances for 92,8 per cent of the company. Acquisition of E & E will add a strong commodity chemicals portfolio to Vopak’s specialities business. It will also give entry to the polymers market, an area in which it says it has ‘long had an interest to participate’.

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