Argos (Sold)

(Sold)

Argos Energies was founded in 1984 by Peter Goedvolk. From a one-man business specialised in oil products, the private company grew and claimed a position between the established multinationals. Within 30 years the company occupied a leading position in Europe, as a supplier in downstream energy products. Due to a worldwide network, Argos became a leading supplier of oil products to the international shipping and transport industries. It possessed fuelling stations and large scale storage capacity and it acquired brands such as BK Gas (LPG) and Biopetrol (biodiesel). The company was successfully sold to a combination of Vito, Carlyle and Reggeborgh, in 2014. At that point, the company had a turnover of USD 20 billion.

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Argos Terminals was a successful spin off of Argos Energies. From 2002 Argos acquired, in several transactions, the former oil refinery of Chevron in Pernis (The Netherlands) and rebuild it into a versatile oil terminal with a capacity of ca. 1.000.000 tonnes. Customers included prominent oil companies such as Shell and BP. At the same time, Argos and Glencore together build a factory for biodiesel called Biopetrol. In 2014 all the facilities were successfully sold to EQT and, later on, to JP Morgan.

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