J. Lauritzen A/S and NYK Reefers Limited (a wholly subsidiary of NYK Line) announced that NYK Reefers Limited has acquired the 50% shares of NYKLauritzenCool AB previously held by their joint venture partner J. Lauritzen A/S, whereby NYK now controls 100% of the company. Torben Janholt, President and CEO of J. Lauritzen A/S said "Lauritzen has enjoyed a strong partnership with NYK Reefers and a very good cooperation with our Swedish colleagues. As a part of Lauritzen’s overall strategy we decided to sell our reefer fleet in 2006 and it is therefore only natural that NYK takes over our 50 % share holding of our joint marketing company.