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4 April 2007

Samskip inks deal to acquire 50% of the Canadian coldstore operator Bayside Food Terminal

Samskip has taken a 50% interest in Canadian frozen food specialist Bayside Food Terminal, thus securing its first coldstore capacity in North America. With this agreement, Samskip can further improve the service it offers its customers with its steadily growing worldwide reefer logistics network.

Bayside Food Terminal in Bayside, New Brunswick, Canada has a coldstore capacity of 12,000 tonnes. It focuses mainly on the frozen fish market ex Alaska and being situated close to the US border, it is ideally located for supplying production plants in the region. The terminal operation complies with all regulatory demands from the Canadian Food Inspection Agency.

According to Johan Kloosterboer, Managing Director, Samskip Coldstore Division, this deal complements the recent establishment of several Samskip Reefer Logistics offices in the USA and Canada. He commented:

"We are very pleased that Bayside Food Terminal is now linked with the Samskip/Kloosterboer group. With this facility, we are able to comply with requests received from many of our customers to offer a reefer centre on the Canadian east coast. We look forward to expanding business for these customers and to further improve our service offering to them."

As well as coldstores, Bayside Food Terminal also operates as a stevedoring company and ships' agency.

The address of Bayside Food Terminal is:

Bayside Food Terminal
136 Champlain Drive
E5B 2Y2 Bayside, NB
Canada

Tel. +1 506 529 8026
Fax. +1 506 529 8028
E-mail pkarvia@nb.aibn.com

-ends-

For a downloadable photograph to accompany this release, please see http://www.dunelmpr.co.uk/Samskip-Photogallery-New.html.

The caption reads:

"Samskip has taken a 50% interest in Canadian frozen food specialist Bayside Food Terminal."

For further information:
Dunelm: David Cheslin or Sharon Cunningham
Tel: +44 20 7480 0600
Email: info@dunelmpr.co.uk

Issued by:
Dunelm Public Relations
Gun Court
70 Wapping Lane
London E1W 2RD
Tel: + 44 (0) 20 7480 0600
Email: info@dunelmpr.co.uk
www.dunelmpr.co.uk

On behalf of:
Samskip BV
Waalhaven OZ 81
PO Box 54143
3008 JC Rotterdam
The Netherlands
Tel:+31 88 400 1000
Fax: +31 88 400 1900
Email: rotterdam@samskip.com
www.samskip.com

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