NEW ORLEANS — Westway Group Inc. said its wholly-owned subsidiary Westway Terminal Cincinnati LLC had completed the acquisition of the storage assets, contractual relationships and property of Southside River-Rail Terminal Inc. located in Cincinnati, Ohio.
The purchase price for this acquisition was approximately $20 million in cash. Southside River-Rail Terminal Inc. has been one of the largest independent, full service bulk liquid handling facilities in the mid-test U.S.
Location
The terminal facility that was acquired by Westway in this transaction is located in Cincinnati, Ohio, immediately west of downtown Cincinnati, just off U.S. Route 50, between the Ohio River and CSX rail lines with immediate access to I-75, I-71 and I-74.
This facility is immediately adjacent to an existing Westway owned liquid animal feed supplement operation, which will provide some synergies for both the terminal and feed operations.
The acquired terminal handles barges, rail and truck operations, and it has more than 35 million gallons of bulk liquid storage capacity, consisting of more than 45 tanks designed to meet the specialized storage, handling and transportation requirements of most types of liquid products.
Metropolitan areas
This terminal is located within 600 miles of 50 major metropolitan areas containing 53 percent of U.S. manufacturing and 54 percent of the U.S. population.
