Netherlands-based Sea Bunkering International (SBI) has been acquired by Kaeline Group Ltd (Kaeline), part of the Limassol-headquartered Fameline Holding Group.
A company release said that this new acquisition offers unique synergies, greatly increasing our physical presence in the North European markets. This highlights our organisation’s commitment to bolster our organic growth with world-class acquisitions.
Commenting on the new acquisition Adamos Seraphides, Managing Director, Kaeline Group Ltd said: “SBI is an internationally recognised supplier of quality products, servicing clients across the globe. The skill set that this acquisition brings on board will strengthen our aim to increase Lubricant and Bunker volumes across all our brands and markets."
Adamos added: "The customer-centric approach of Dave Gregory, Iwan van der Leest, and their team, has built a loyal customer base that mirrors our personal approach within Kaeline Group Ltd. Finally, ‘SBI’ fits strategically with the objectives of Kaeline Group Ltd. We are excited in concluding the integration and we will continue with the company’s expansion”
Kaeline Group Ltd is the holding company of leading service providers to the maritime industry with distribution companies and offices in Limassol, New Jersey, Singapore, Piraeus, Rotterdam, Hamburg, Dubai, and now Groningen.