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23 March 2018

Den Hartogh Logistics selects global cash management bank

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Den Hartogh Logistics selects global cash management bank

In March 2018, Den Hartogh Logistics, based in Rotterdam, completed the selection of their new global cash management bank. Deutsche Bank shall be responsible for all worldwide payment transactions and the associated infra structure in Europe, the Americas, Middle East and Asia. A multi-currency zero-balancing cash concentration structure shall be implemented in order to optimise liquidity management.

The new cash management bank, which also participates in the bank syndicate that has provided Den Hartogh’s finance structure, shall facilitate all outgoing payments. Incoming payments will remain with Rabobank as part of their asset based finance solution.

The expertise of the new global cash management bank will offer Den Hartogh Logistics several advantages and improvements in terms of allocation of the Group’s available resources, reduction of the number of local bank accounts, processing of payment transactions and reporting. These improvements and cost savings shall support and help execute Den Hartogh’s strategy in the years to come.
Integrated Finance Solutions (IFS) designed this new cash management structure and guided the company throughout the entire selection process.

Den Hartogh Logistics
Family owned business Den Hartogh Logistics was first established in 1920 and grew out to be one of the world’s leading Logistics Service Providers in safe and reliable transport of bulk liquids and gasses for the chemical, gas, polymer and dry bulk food industry. The company is present in every region of the world, with 43 locations in 24 countries. Its workforce consists of more than 1,600 people and the modern equipment includes more than 19,000 tank containers, 7,000 dry bulk containers, 400 tank trailers and more than 500 trucks.

In March 2016 Den Hartogh Logistics acquired the activities of Interbulk, realising a top 3 position as European logistics service provider for chemical bulk- transport and logistics. The company’s expected annual revenue for 2018 is more than € 500.000.000,-.


More informaton?
For more information please contact Integrated Finance Solutions at +13 30 7602110.


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