Unitor Announces New Owner Structure

Unitor Ships Service AS recently reported that its major stockholder, Hafslund of Norway (a major power, paper and medical holding company), has successfully completed the sale of its 44.5 percent share in Unitor to a number of individual Norwegian and U.K. investors and funds.

Unitor expressed its satisfaction with the new owner structure, leaving no one stockholder with more than 5 to 10 percent of the company stock.

Unitor reports at the same time that its third quarter '88 results were the best ever and that the positive trend is continuing and is expected to give Unitor a record year.

Unitor has a network of 50 branch offices and 220 agents covering 450 ports worldwide servicing the international shipping and shipbuilding industries. The company serves more than 15,000 vessels from 70 nations annually. Main products are welding gases and equipment; refrigerants and equipment; refrigeration service; airtools; high pressure cleaning systems; marine chemicals; firefighting, rescue, safety equipment and services.

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Maritime Reporter Magazine, page 5, Feb 1989

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.