Elemica has signed a definitive agreement
to acquire Stolt-Nielsen’s subsidiary Optimum Logistics Ltd. Under the terms of the agreement, Elemica will acquire the full technology platform and the ongoing business operations of Optimum Logistics. Elemica will
integrate Optimum's technology into the current Elemica platform to launch a global ground, rail, container, and marine logistics solution for Elemica Network companies and will expand its Network to include logistics service providers, terminal and warehouse
operators, and freight forwarders
Current Optimum Logistics' client, Lyondell Chemical Company vice president for supply chain, Jeffrey L. Hemmer stated, "One of Lyondell's supply chain objectives is 'touchless fulfillment'. Our desire is to establish a virtual enterprise where we collaborate with our business partners to optimize the overall supply chain. We worked extensively with Optimum Logistics to develop a marine logistics information
solution and believe it has tremendous potential to become the leading multi-modal technology solution for the chemical industry."