KKR Sells Japanese and Korean Tank Terminals Separately to Institutional Investors

Global investment firm Kohlberg Kravis Roberts (KKR) announced that it has entered into separate agreements to sell Japan’s Central Tank Terminal (CTT) and Korea’s Central Terminal Korea (CTK) to institutional investors. The financial terms of the transaction were not disclosed.

CTT operates 12 tank storage terminals in key regions of Japan, with more than 450 tanks and a total storage capacity of 420,000 kiloliters. In Korea, CTK operates a tank terminal complex in Ulsan. Additionally, it manages grain silo facilities in both Ulsan and Pyeongtaek.

KKR acquired CTT in 2021 and CTK in 2023. During its ownership, the company strengthened management, sales, operational, and organizational capabilities; completed selective bolt-on acquisitions in Japan; and pursued terminal capacity expansion and redevelopment in both countries. KKR also invested in leadership, safety, and maintenance systems.

Chan-Soo Kim, CEO of CTK, stated, “During KKR’s ownership, CTK advanced its growth plans and reinforced its sales and operational capabilities, while continuing to invest in providing safe and reliable infrastructure for customers. We are grateful for KKR’s partnership and look forward to continued growth for CTK in the future.”

Yang-Han Kim, Partner at KKR, said, “KKR identified growth opportunities to expand core chemical storage and logistics infrastructure in a market characterized by high barriers to entry and solid demand, leveraging CTT’s leading nationwide network and CTK’s strategic location in Ulsan. By working closely with CTT and CTK, we enhanced the capabilities of both companies, expanded their capacity, and elevated their operational standards. Both companies are now well-positioned to continue their strong growth into the future.”

This content was produced with the assistance of AI translation services.