Castleton Commodities International LLC (“CCI” or the “Company”) today announced that it has completed its acquisition of Morgan Stanley’s Global Oil Merchanting business, one of the world’s leading physical commodity franchises.
William C. Reed II, President and Chief Executive Officer of CCI, said,
With the acquisition of Morgan Stanley’s Global Oil Merchanting business, we have taken a giant step toward achieving our long-term strategic objective of establishing ourselves as a top tier diversified global commodities merchant. We are excited to welcome our new colleagues to the company as we continue to leverage our world class capital base to expand our business beyond the North American energy markets.
Morgan Stanley’s Global Oil Merchanting business is a leading global platform and is active in the light ends, distillates, crude and wet freight markets. Over the past five years, the unit has traded approximately two million barrels of oil and oil products per day.
ABOUT CASTLETON COMMODITIES INTERNATIONAL LLC
CCI is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power, coal, metals and financial instruments related to commodities. CCI is headquartered in Stamford, Connecticut with offices in Houston, Texas; Calgary, Canada; Geneva, Switzerland; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay.
+1 (212) 729-2163