Investments
ADR Haanpää
- Bulk liquid chemicals road transport business based in Finland, Estonia, Sweden, and Norway
- Leading customers are the Nordic bulk liquid chemicals producers
- Principally supplies the Nordic pulp and paper industry
Investment Thesis
- Infrastructure asset
- Dominant market share with high barriers to entry
- International expansion (Baltics and Russia)
- Trend towards outsourcing a larger portion of the logistics value chain
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