SHV Holdings is a privately owned Dutch seatrading group with interests in transport, retail, oil, food and financial services. It was formed in 1896 when eight Dutch coal wholesalers merged to form the Steenkolen Handels-Vereeniging, a coal-trading company, in response to a German coalition of a similar nature. In 1904, it secured the exclusive rights to trade coal from northwestern Germany and, under the leadership of Frits Fentener van Vlissingen, grew enormously. SHV remains heavily involved in energy distribution alongside its supply of liquefied petroleum gas and, in 2018, derived revenue from its activities of around €20 billion. Struggling to come to terms with post-war Europe, it began a wholesale cash and carry brand in the 1960s called Makro but sold it off in Europe and Asia beginning in the late 1990s. By 1995, SHV was the largest trading company in the Netherlands and had diversified into animal feed, renewable energy and logistics equipment. It had also been investing in the exploration and production of oil and gas since the 1960s. In 1959, a large gas reserve was discovered in the Netherlands, leading to a decrease in the demand for coal. This led the company to establish Dyas, through which they could invest in the upstream oil and gas industries. Several large-scale acquisitions have also occurred, namely heavy lifting expert Mammoet, Eriks engineering componentry and Nutreco, who supply animal nutrition and fish feed. The company now employs 60,000 people worldwide and consistently earns its place on the Fortune 500.
- Family name: Fentener van Vlissingen family
- Sector: Consumer Products & Retail
- Founded: 1896
- Founder: Frits Fentener van Vlissingen
- Country: Netherlands
- Company headquarters:
- Revenue: 19.7
- Employees: 60,800
- Website: shv.nl
Connections
Also on Tharawat
