The brand name of inland bunker specialist
Reinplus Vanwoerden Bunker has been changed to
Reinplus Fiwado Bunker.
The brand change follows the acquisition of
Total Nederland N.V.'s inland bunkering business,
Fiwado B.V., by
Varo Energy Inland Bunkerservice B.V. - the Varo Energy-owned company that has been performing deliveries under the name Reinplus Vanwoerden Bunker.
An agreement for the acquisition to go through was signed by Varo Energy Inland Bunkerservice and Fiwado on September 7, 2016. Permission for the deal to proceed was later approved by the Dutch competition authorities.
"As part of the integration of the two companies, we would like to inform you that the companies will merge to Varo Energy Inland Bunkerservice B.V. on May 4, 2017. The brand name will be adjusted to Reinplus Fiwado Bunker," a statement said on Thursday.
Newly named Reinplus Fiwado Bunker carries out deliveries at a number of river and sea ports in the Netherlands, Belgium, Germany, France, Austria, Hungary, Serbia, Bulgaria and Romania. The company has office locations in the Netherlands and Germany.
In Germany, the Mannheim-based business has been operating under the name
Reinplus Gottert GmbH. In 2014, it acquired the former Total subsidiary
Nowag GmbH.
As a result of the Fiwado transaction, Varo Energy has expanded its Dutch network with five bunker stations: in
Amsterdam,
Flushing,
Millingen,
Rotterdam and
Zwijndrecht.
Commenting on the acquisition of Fiwado in September,
Roger Brown, CEO of Varo Energy, said: "The purchase of this company will reinforce the presence of Varo Energy in inland bunkering in the Netherlands, where we operate under the brand Reinplus Vanwoerden Bunker.
"With this addition, we will provide a stronger network to supply our clients with high quality products more efficiently - when and where they need them."
Reinplus Vanwoerden Bunker became a subsidiary of Varo Energy following
the merger between Argos and Varo Energy in 2015.
Varo Energy's shareholders include private investment company
Reggeborgh;
Carlyle International Energy Partners, an advisory fund which is part of the global alternative asset manager The Carlyle Group; and international energy and commodity business
Vitol.
In addition to its stake in Varo Energy, Vitol also owns
V-Marine Fuels, which has a Netherlands-based operation that carries out bunker deliveries in the Amsterdam-Rotterdam-Antwerp (ARA) region; it has a 50 percent share in
Cockett Marine Oil; and VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd,
recently agreed to acquire
OMV Petrol Ofisi Holding A.S (Petrol Ofisi), which is estimated to have a bunker market share of around 20 percent in Turkey.
