Expansion of the Bunkering Business: Mabanaft Acquires Bominflot
The acquisition of Bominflot turns Mabanaft into one of the world's five largest bunkering groups. The combination of Bominflot and Matrix Marine, Mabanaft's subsidiary in the bunkering business, will enable both companies to secure further growth by effectively and sustainably leveraging their respective strengths long-term.
Under the agreement, all bunkering operations of Bominflot and Matrix Marine are combined into the Bominflot Group, which then operates under the Mabanaft umbrella. The companies continue to do business under their existing names, which are well established in the market.
With more than 35 years of experience at this time, Bominflot is one of the leading independent bunker traders and suppliers. Its business activities range from the supply of bunker fuels and lubricants, to cargo trading, to many other services to the shipping industry. Operating around the globe with a staff of more than 300 in 36 offices worldwide, Bominflot is organized into three regions: Americas, Europe/Africa and Far East/Middle East.
At this point, Mabanaft has been involved in the bunkering business for almost 15 years through its subsidiary Matrix Marine. The 1997 acquisition of Houston-based Matrix Marine Fuels marked Mabanaft's entry into the business, since which time it has established itself as a leading independent supplier of bunker fuels and related services. Its locations at the time of acquisition include the U.S. Gulf Coast, Singapore, Oman and India.