FinCo Fuel Holding B.V., an independent company based in Dordrecht, The Netherlands, which operates in the storage, trading and distribution of oil and oil-related products in Northwest Europe, has closed a transaction with ENVIEM for the acquisition of Gulf’s wholesale activities in the Netherlands consisting of direct sales, commercial fuels, bunkering and lubricants. The Gulf terminals, barges, trucks and associated employees are part of the transaction.
ENVIEM is the result of a merger between Gulf Oil Netherlands and Demarol Harderwijk in 1997.
FinCo, in cooperation with Gulf Oil International, will enter into a new partnership for the marketing and distribution of lubricants in the Netherlands and Germany. FinCo and Gulf Oil International will continue marketing the famous Gulf brand with a new marketing campaign.
With this acquisition, FinCo will further strengthen its position in the Dutch downstream oil market and will be able to offer an extensive portfolio of services to its customers.