Baltic Tank

In 1992, a family-owned business, Baltic Tank Oy, was established in Finland. The company focused on a critical, yet often unseen, part of the industrial supply chain: storing and handling bulk liquid products. They built and operated terminals for chemicals, oils, and biofuels, carving out a niche as a key logistics partner in the region. For nearly three decades, Baltic Tank grew its network, establishing terminals strategically along the Finnish coast and expanding into Estonia. The company became a premier independent terminal operator, known for its specialized services in handling a wide range of liquid materials. They managed the complex logistics of heating, blending, and storing these products, becoming an essential link for manufacturers and traders. The pivotal chapter in the Baltic Tank story came in the summer of 2020. The Swedish chemical group Wibax AB, also a family-owned enterprise, saw a strategic opportunity for expansion. On July 3rd, 2020, Wibax announced it would acquire 100% of Baltic Tank's shares. Representing the owners, Antti Laaksonen noted the confidence in passing the company to another family business with shared values. The acquisition was finalized in September 2020, integrating Baltic Tank's network of nine terminals into Wibax's growing Nordic empire. This move marked the end of Baltic Tank's journey as an independent company and the beginning of its new role within a larger organization, strengthening the logistical backbone of the chemical industry in Northern Europe.