Nordic Tankers has joined forces with Crystal Pool

01.02.2016

Copenhagen (Denmark), 1 February 2016 – Nordic Tankers, a Triton Fund III company, has formed a jointly held company, Crystal Nordic, together with Crystal Pool. Competition authority approvals have been completed. Starting 1 February 2016, Crystal Nordic will operate as a single entity in the short-sea, ice-class chemical tanker trade. Crystal Nordic is owned 50/50 by Nordic Tankers and Embarcadero Maritime (Borealis Maritime). Crystal Nordic has taken over the respective ice classed stainless chemical tankers businesses which previously operate under the Nordic Tankers and Crystal Pool trade names. All other Nordic Tankers-operations are unaffected by the new partnership.

The parties have agreed not to disclose any financials.

About Nordic Tankers

Nordic Tankers is a fully integrated shipping company operating about 70 highly sophisticated chemical tankers ranging in size up to 25,000 dwt. We transport a wide range of products ranging from edible oils, acids, chemicals and other specialised products to lubricating oils and petroleum products. 36 vessels are fully owned. Our head office is situated in Copenhagen with regional offices in Stamford (Connecticut, USA), Houston (Texas, USA), Golfe Juan (France), Riga (Latvia), Bogota (Colombia) and Singapore. Nordic tankers employ approx. 170 people ashore and around 1,200 at sea.

For further information: www.nordictankers.com

About Triton

The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 29 companies currently in Triton's portfolio have combined sales of over €13.8 billion and over 59,000 employees.

The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.

For further information: www.triton-partners.com

Press Contacts

Triton
Marcus Brans