Friday, December 27, 2019

New ownership takes over at Ridley Terminals, introduces debut of refreshed website

The federal government handed over the keys to Ridley Terminals Incorporated last week, with the new ownership introducing themselves to the community by way of a statement on the RTI website.

The document dated December 19th, outlines the nature of the sale process that came to an end over the summer when it was announced the terminal had been sold to global investors Riverstone Holdings and AMCI group, with a ten per cent shared in a limited partnership between the Lax Kw'alaams Band and the Metlakatla First Nation.

“This is a business as usual transition, as we expect no change to process or operations at Ridley Terminals. Ridley Terminals will continue to be a key part of Canada’s trade network with the world.” -- Bartow Jones, Partner & Co-Head of Private Equity, Riverstone Holdings LLC

“This is a very unique partnership group that will ensure the terminal continues to be sustainable over the long-term with open access. The terminal will also continue to be a big part of Prince Rupert’s economy.” -- Hans Mende, co-founder of AMCI Group

Both Mayor Garry Reece of Lax Kw'laams and Chief Councillor Harold Leighton of Metlakatla noted how the new partnership will make for a sustainable future for both communities.

“With a significant share in RTI, we are continuing our work of enhancing the quality of life for all members of our community. This is a significant part of building an economically sustainable future for the Lax Kw’alaams Band.” -- Mayor Garry Reece of the Lax Kw’alaams Band

 “We are building a strong future for our community as a major economic force in northwest British Columbia. We believe this partnership is strongly aligned with our principles of sustainable eco-based resource management.” -- Chief Councillor Harold Leighton of the Metlakatla First Nation

In the statement (which you can read here), the new ownership makes note of the ambitious growth plan and how they continue to explore options towards the construction of a second berth for the Marine terminal.

A photo array marks some of the refreshed elements of the
Ridley Terminals website

With the new ownership has come a new look for the website for RTI, with the refreshed look providing much more information than the previous one, including a range of photographs that offer a glimpse as to some of the machinery that is in use at the facility

You can take your tour here, more notes related to Ridley Terminals can be explored here  click on the right hand box at the top of the page to learn more about the facility operations.

For more notes on Ridley Terminals see our archive page here.

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