Westway Group, Inc., a provider of bulk liquid storage services and a leading manufacturer/distributor of liquid animal feed supplements, recently announced that the company’s wholly owned subsidiary, Westway Terminal Cincinnati, LLC, has acquired the storage assets, contractual relationships and property of Southside River-Rail Terminal, Inc. located in Cincinnati, Ohio for approximately $20 million in cash.
As one of the largest independent, full-service bulk liquid handling facilities in the Midwestern United States, Southside River-Rail handles barges, rail and truck operations, and has over 35 million gallons of bulk liquid storage capacity. The terminal facility that was acquired by Westway is located immediately adjacent to an existing Westway-owned liquid animal feed supplement operation, which will provide synergies for both the terminal and feed operations.
“We are excited about the addition of Southside River-Rail to our portfolio, which brings Westway’s total storage capacity to over 350 million gallons,” stated Wayne Driggers, chief operating officer of Westway Group, Inc. “This acquisition continues Westway’s strategy of increasing its footprint in the U.S., and it further strengthens our overall global network to support the growing needs of our customer base.” He concluded, “Additionally, we are well on track with our plans for expanding capacity over the next three-year period.”
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