Olmar, a company majority-owned by PGGM and created to co-own and operate strategic logistics assets in long-term partnerships serving the commodities industry, has entered into a share-purchase agreement to acquire the majority of shares of the Finnish RP Logistics Oy. Financial terms were not disclosed.
RP Logistics Oy and its subsidiaries, operating in the Hamina-Kotka and Nurmes areas in Finland, has a large fleet of handling equipment, warehouses and extensive outside storage space. The company plays a pivotal role as a key service provider to sustainable forest product suppliers, including timber and pulp/paper. This acquisition will expand Olmar's footprint, adding six locations in Hamina, Kotka and Nurmes in Finland.
The deal marks Olmar’s second major takeover since partnering with PGGM in logistic port infrastructure investments in 2022. The PGGM-Olmar joint venture focuses on investments in strategic port infrastructure, which needs more sustainable proces