Colonial Terminals (CTI) recently acquired a bulk liquid terminal owned and operated by Buckeye Terminals.
The site on Cape Fear River in Wilmington, North Carolina, is located adjacent to an existing CTI terminal, and includes 550,000 barrels of storage capacity.
The combined complex will boast more than 1 million barrels of bulk liquid storage for marine, rail and truck access.
“Colonial Terminals is committed to growth in markets that support our team’s ability to deliver the highest levels of service to customers who value supply chain dependability and efficiency,” said Ryan Chandler, CTI president.
“This adjacent facility adds a new berth and substantial river frontage to our already large footprint on the Cape Fear River, and we’re eager to offer new capabilities for existing customers as well as attract new customers and products to the market.”
The acquisition increases CTI’s storage infrastructure in Wilmington to 70 acres and more than a half-mile of river frontage, the company said.
Products stored at these facilities include industrial chemicals, specialty chemicals, petroleum, and others.
“Wilmington is a gateway to the growing Southeastern US market, and we believe this acquisition strongly positions our team to support current and new customer growth far into the future,” Chandler maintained.