Nynas and Aggregate Industries in bitumen supply deal
Tuesday, October 13, 2009 - 14:22
NYNAS UK AB have concluded an agreement for the long-term supply of bitumen to Aggregate Industries. As part of the deal, Nynas will acquire Aggregate Industries’ interest in a bitumen import terminal on Teesside, operated by UK Bitumen Ltd.
The deal, which has received clearance from the UK Office of Fair Trading, will assure Aggregate Industries Group of long-term bitumen supply security via Nynas’s nationwide distribution network.
In addition, access to the new bitumen terminal will provide significant back-up to Nynas’s existing extensive UK coverage as well as allowing potential new customers to benefit from the company’s technical knowledge and specialist product portfolio.
‘This exciting new deal means that Nynas have acquired a new supply line into the UK via the Teesside terminal. It also provides significant sales volume growth to our bitumen business in a key Nynas market,’ said Nynas vice-president Russell Childs.
‘Both existing and new customers will benefit from the new supply point coupled with our commitment to add value to our customers’ businesses via our efficient and comprehensive bitumen supply package.’