HES International concludes sale of German DHUG terminal to Stahl Holding Saar

DHUG is located along the river Saar and is a logistical partner for local and international customers in the steel industry, the energy sector, the building industry and the food and feed sector. In addition to loading, unloading and transhipment of various dry bulk products, they offer a completely asphalted area of ??five hectares for open storage as well as multifunctional covered storage facilities. In addition to dry bulk services they offer a Ro-Ro loading ramp, a quay for heavy lifting and a multipurpose crane for breakbulk cargo.

As part of Saarstahl, SHS is the holding and management company for the steel industry in the Saarland and takes on selected tasks for Saarstahl and Dillinger Hütte. Following a strategic review, HES International decided that DHUG is better positioned to fit into the portfolio of companies of SHS.

DHUG currently employs 8 people, all of whom will be retained by SHS as part of the acquisition.

Jeroen van der Neut, Managing Director Dry Bulk of HES International, said: “I sincerely like to thank Terminal Manager Fabian Hahn and his team for their ongoing commitment and valuable contribution to the company. SHS is a reputable market player in Germany and we are confident that they will support DHUG to build on its successful history. Proceeds from the sale will be reinvested in projects that are pivotal for the long-term, sustainable growth and transformation of HES.”

"With the acquisition of DHUG, we are taking another important step in our transformation strategy and strengthening our locations in Saarland," says Stefan Rauber, CEO of SHS - Stahl-Holding-Saar. Jonathan Weber, SHS Board Member for Transformation, explains the background to the purchase: "The geographical proximity to DHUG is a strategic advantage for the future electric steel plants on the Saar. For the upcoming transformation process and the input materials required for it, the waterways are becoming increasingly important alongside rail and road for efficient and environmentally conscious delivery. We welcome our colleagues from DHUG to the company and look forward to working together."

HES International will continue to pursue its ambitions to further diversify its business – seizing opportunities from the ongoing raw materials and energy transition while strengthening its position in agricultural goods, minerals, iron ore and liquids handling.

The terms of the transaction have not been disclosed.

Read the article online at: https://www.drybulkmagazine.com/ports-terminals/21092023/hes-international-concludes-sale-of-german-dhug-terminal-to-stahl-holding-saar/