The port and MPP terminal group C. Steinweg expands its portfolio and acquires a large stake in Romani Spa in Italy.
C. Steinweg – well known in this country due to its many years of activity as a breakbulk terminal in the Port of Hamburg – has now announced the transaction via social media.
Accordingly, 75% of the shares of Romani Spa, a private company specialising in the storage and handling of coffee, will be acquired. “This strategic acquisition strengthens our Group’s global warehousing capabilities in the soft commodities sector,” C. Steinweg announced. In view of the increasing demand for coffee import handling and storage in the ports of Genoa and Trieste, this step will enable us to further expand our services in these key markets. It is also intended to create synergies for the company’s activities as a logistics provider.
The C. Steinweg Group has a global presence, most recently adding a terminal in Rotterdam to its portfolio. There are also terminal activities in Rotterdam, Moerdijk, Antwerp, Genoa, Trieste, Baltimore and Sohar.
“This acquisition is a significant step in our strategy to expand our presence in the soft commodities market and better serve our customers,” said Andrea Bartalini, CEO of C. Steinweg. He described Romani Spa as “a strong and respected company in the coffee industry” and together they will be able to create even more value for coffee importers and distributors in Italy and beyond.
