Torm acquires 75% of scrubber supplier

Torm is taking ”another step on the environmental path” through the acquisition, the tanker carrier says.

Photo: PR/Torm

Tanker shipping company Torm has acquired 75% of ME Production (MEP) in a transaction through which founder and current owner of the company Jens Peter Faldt will remain chief executive and retain a stake of 25%.

The two companies thereby reinforce a partnership that has already resulted in close collaboration on the development and production of exhaust-cleaning systems known as scrubbers, which have been installed on more than 50 of the carrier’s ships.

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