Neste's acquisition of the share majority of Dutch animal fat trader Demeter closed
Neste Press Release 3 September 2018 at 9 am (EET)
In May 2018 it was announced that Neste intends to acquire 51% shares of IH Demeter B.V., a trader of animal fats and proteins. The acquisition has been approved by regulatory authorities, and the deal has been closed.
Neste owns 51 % of the shares of IH Demeter B.V., making Neste the controlling shareholder. The former owners remain as co-owners.
“I am delighted to announce, that the transaction has been finalized. We share the same vision for the future, and we are devoted to developing Neste Demeter’s business further. I am glad that the co-owners trusted us to be the best partner in taking their business to the next level”, says Kaisa Hietala, Executive Vice President of Renewable Products business area of Neste.
“This supports Neste’s strategy of building a global waste and residue raw material platform to secure raw material availability and competitiveness. With an efficient European-wide logistical setup, the company is well positioned to serve Neste in delivering future raw material volumes to Neste’s renewable product refineries,” continues Hietala.
As a result of the deal the company will be called Neste Demeter B.V.
Director, Corporate Communications and Brand Marketing
Kaisa Hietala, Executive Vice President, Renewable Products business area, Neste, tel. +358 10 458 4128
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2017, Neste's revenue stood at EUR 13.2 billion. In 2018, Neste placed 2nd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com