SHV Holdings

Last updated
SHV Holdings N.V.
Company typePrivately held holding company
FoundedApril 1, 1896;128 years ago (1896-04-01)
Headquarters,
Area served
Worldwide
Key people
Jeroen Drost, CEO
Brands
RevenueIncrease2.svg EUR 16.7 billion (2020) [1]
Decrease2.svg EUR 469 million (2020)) [1]
OwnerFentener van Vlissingen family
Website www.shv.nl

SHV Holdings is a privately owned Dutch trading company, regarded as one of the world's largest private trading groups. SHV is a highly diversified company, with interests in transport, retail, oil, food and financial services. [2] [3] It currently employs more than 50,000 people.

Contents

History

One of a series of old Lloyd's registers from former SHV offices in IJmuiden. Currently in the library of the Zee- en Haven Museum there. The SHV managed the transport of coal ("Steenkool") in the IJmuiden harbour. Vereenigde Steenkolen Handel Ymuiden - Lloyds Register of Shipping 1912-1913.jpg
One of a series of old Lloyd's registers from former SHV offices in IJmuiden. Currently in the library of the Zee- en Haven Museum there. The SHV managed the transport of coal ("Steenkool") in the IJmuiden harbour.

1896–1939

On 1 April 1896, eight Dutch coal wholesalers merged to found the Steenkolen Handels-Vereniging (Coal-trading company), as a response to the formation of the German Rhenish-Westphalian Coal Syndicate (Rheinisch-Westfälisches Kohlen-Syndikat). [4] By 1904, the company had secured exclusive rights to trade Westphalian coal in the Netherlands. [5] Under the guidance of director Frits "FH" Fentener van Vlissingen, SHV's stature in the Netherlands went from strength to strength. Under his direction, SHV moved its headquarters from Rotterdam to Utrecht, to take advantage of the city's position as the hub of the Dutch railway network. By 1910, SHV had positioned itself as one of the foremost trading forces in the Netherlands. [6]

Thanks to his expertise in the coal trading business, Fentener van Vlissingen was appointed as director of the State Coal Board, which managed coal distribution in the Netherlands during the First World War. [6] Although the Netherlands was neutral, the war years were difficult for SHV, as Westphalian coal output was assigned to support the German war effort. Nevertheless, in 1917 SHV established a holding company, Administratiekantoor Unitas to exploit a German anthracite mine. This entity (simply called "Unitas") became SHV's first investment arm, providing foundation capital for companies like Koninklijke Hoogovens and KLM. [5]

The 1920s also brought about a major change in the Dutch industrial sector: a slump in fishing led to the consolidation of three major shipping companies [7] and their new energy needs also affected the SHV. In response to these changes, SHV established its first oil bunker station and sold crude for the motor vessels of the recently merged shipping companies. [7] The shifts in energy economics in the Netherlands followed changes taking place around the world. In 1914, close to 94% of ships around the world were fuelled by coal; by 1939 this had fallen to 48%. Oil was preferred over coal because it burned more efficiently: in some cases, shipping companies saved up to 40% in operating costs by switching to motor vessels.[ clarification needed ] [8] S.H.V. was directed by Daniel George van Beuningen who took over from his father. [9] [10]

1940–1970

On 10 May 1940, Germany attacked Belgium, France, Luxembourg and the Netherlands. After four days of fighting, the Dutch government capitulated and the occupation of the Netherlands began.

After the war, SHV had to cope with the economic difficulties of a continent in ruins. As coal's importance continued to decrease, SHV expanded its interests in shipping and retail. In 1964, the company established the Makro cash-and-carry stores.

1970–1999

By 1995 SHV was the largest trading company in the Netherlands. [4]

2000–present

In April 2015, SHV completed the takeover of animal feed manufacturer Nutreco [11]

In July 2021, SHV purchased Kiwa, a Dutch testing, inspection and certification (TIC) institution. [12]

Corporate Affairs

SHV Headquarters in Utrecht Overzicht voorgevel en gedeelte rechter zijgevel - Utrecht - 20357984 - RCE.jpg
SHV Headquarters in Utrecht

Management

Jeroen Drost has been the CEO of SHV Holdings since April 2016.

Coat of arms of Utrecht Utrecht gemeente wapen.svg
Coat of arms of Utrecht

The SHV logo is inspired by the coat of arms of Utrecht, to which SHV moved from Rotterdam under the directorship of FH Fentener van Vlissingen. [6]

Companies owned by SHV Holdings

Related Research Articles

<span class="mw-page-title-main">Transport in the Netherlands</span>

The Netherlands is both a very densely populated and a highly developed country in which transport is a key factor of the economy. Correspondingly it has a very dense and modern infrastructure, facilitating transport with road, rail, air and water networks. In its Global Competitiveness Report for 2014-2015, the World Economic Forum ranked the Dutch transport infrastructure fourth in the world.

<span class="mw-page-title-main">Rotterdam</span> City in South Holland, Netherlands

Rotterdam is the second-largest city in the Netherlands after the national capital of Amsterdam. It is in the province of South Holland, part of the North Sea mouth of the Rhine–Meuse–Scheldt delta, via the "New Meuse" inland shipping channel, dug to connect to the Meuse at first and now to the Rhine.

<span class="mw-page-title-main">Makro</span> Brand of warehouse clubs

Makro is a Dutch international brand of warehouse clubs, also called cash and carry stores. Makro was founded by SHV Holdings, a Dutch conglomerate based in Utrecht in partnership with German company Metro AG, with the first warehouse club opened in Amsterdam in 1968. Currently, ownership of the worldwide chain of stores is split between different companies like Metro AG in Europe, SHV Holdings in Latin America and CP All in Asia. In many countries, access to stores is restricted to business customers, and the stores are not open to the general public.

<span class="mw-page-title-main">Museum Boijmans Van Beuningen</span> Art museum in Rotterdam, Netherlands

Municipal Museum Boijmans Van Beuningen is an art museum in Rotterdam in the Netherlands. The name of the museum is derived from its two most important donors, Frans Jacob Otto Boijmans and Daniël George van Beuningen. The museum is located at the Museumpark in the district Rotterdam Centrum, close to the Kunsthal and the Natural History Museum.

<span class="mw-page-title-main">Paul Fentener van Vlissingen</span>

Paul Fentener van Vlissingen was a Dutch businessman and philanthropist who was CEO of SHV Holdings for three decades. He contributed to the development of game reserves in Africa and purchased the Letterewe estate in Scotland in 1978. He pledged the right to roam there prior to the passage of the Scottish Land Reform Act of 2003.

Mammoet is a privately held Dutch company specializing in engineered heavy lifting and the transport of large objects.

<span class="mw-page-title-main">John Fentener van Vlissingen</span>

John Arthur Fentener van Vlissingen is a Dutch businessman. He is one of the wealthiest people in the Netherlands and has made major investments in the travel industry. The total capital of the family is, according to Quote magazine, around 9.2 billion euros. The wealth of Fentener van Vlissingen was calculated to be €1.6 billion in Quote 500.

<span class="mw-page-title-main">Daniël George van Beuningen</span> Dutch businessman (1877–1955)

Daniël George van Beuningen was a Dutch businessman.

<span class="mw-page-title-main">Eneco</span> Utility company in the Netherlands

Eneco, the trading name of Eneco Groep N.V., is a producer and supplier of natural gas, electricity and heat in the Netherlands, serving more than 2 million business and residential customers. The company's headquarters are located in Rotterdam. It also carries out energy trading and is involved in sustainable energy projects. Eneco is the largest power company in South Holland.

<span class="mw-page-title-main">Nutreco</span>

Nutreco N.V. is a Dutch producer of animal nutrition, fish feed and processed meat products. It has about 100 production facilities in more than 30 countries, and eight research centers. The company was founded in 1994 after a Cinven-backed management buyout of the feed and nutrition division of BP. Nutreco was listed on Euronext Amsterdam from 1997 until 2015, when the company was delisted following its acquisition by SHV Holdings.

Fentener van Vlissingen is a Dutch patrician dynasty of entrepreneurs.

<span class="mw-page-title-main">Frits Fentener van Vlissingen (1882)</span>

Frederik Hendrik, or Frits Fentener van Vlissingen was a Dutch businessman and entrepreneur credited with growing SHV into the first Dutch multinational corporation. He is the grandfather of Frits Fentener van Vlissingen, John Fentener van Vlissingen and Paul Fentener van Vlissingen.

<span class="mw-page-title-main">Noordsche Compagnie</span> Dutch whaling cartel of the 17th century

The Noordsche Compagnie was a Dutch cartel in the whaling trade, founded by several cities in the Netherlands in 1614 and operating until 1642. Soon after its founding, it became entangled in territorial conflicts with England, Denmark-Norway, France, and other groups within the Netherlands.

Atlas Professionals is a Dutch provider of recruitment and HR services within the energy and marine sectors globally, and has its headquarters in Hoofddorp.

The Rhenish-Westphalian Coal Syndicate was a cartel established in 1893 in Essen bringing together the major coal producers in the Ruhr.

<span class="mw-page-title-main">Vlisco</span> Dutch company for African-style textile fabrics

The Vlisco Group designs, produces and distributes fashion fabrics, especially of the African wax print style, for the West and Central African market and African consumers in global metropolitan cities. Founded in Helmond, the Netherlands, in 1846, the Vlisco Group and their fabrics have grown into an essential part of African culture, receiving widespread attention from the art, design and fashion worlds. Vlisco Group's brand portfolio consists of four brands: Vlisco, Woodin, Uniwax and GTP. The company's head office, as well as the design and production facilities for the Vlisco brand, are located in Helmond. For the other brands these facilities are based in Ghana and Ivory Coast. The Vlisco Group has eight sales offices in numerous African countries and around 2,700 employees.

<span class="mw-page-title-main">Kiwa NV</span>

Kiwa is a Dutch company in the testing, inspection and certification (TIC) sector, providing testing, inspection, certification, consultancy and training services across various markets, including built environment, (cyber) security, renewable energy, food, feed & farm, water and health care. Kiwa is headquartered in Rijswijk, the Netherlands, and its over 10,000 employees operate across a global network of office and advanced testing laboratory locations in 35 countries.

The Dutch Coal Trade Union was a business cartel which operated in the Netherlands from 1893. Daniël George van Beuningen was one of the leading figures in the organisation. It represented the Rhenish-Westphalian Coal Syndicate in the Netherlands

<span class="mw-page-title-main">Ben Zegers</span> Dutch visual artist

Bernardus Stefanus Henricus (Ben) Zegers is a Dutch visual artist, active as a sculptor and installation artist, and teacher and coordinator at the Gerrit Rietveld Academy.

References

  1. 1 2 https://www.shv.nl/sites/default/files/usercontent/1904/SHV%20Annual%20Report%202018%20ENG%20-%20DUN%20no%20cropmarks_reduced.pdf%5B‍%5D [ bare URL PDF ]
  2. Gallagher, Paul (28 April 2003). "Rich laird with passion that's priceless". The Scotsman .
  3. Bray, Chad (20 October 2014). "SHV Holdings to Pay $3.4 Billion for Dutch Supplier of Animal Food". New York Times .
  4. 1 2 Jones, Geoffrey (1998). The Multinational Traders. Routledge. pp. 87–88. ISBN   0-415-18002-3.
  5. 1 2 "1896 - 1939 | SHV". Archived from the original on 2017-12-16. Retrieved 2015-04-27.
  6. 1 2 3 F.H. van Vlissingen in inghist
  7. 1 2 "1940 - 1967 | SHV". Archived from the original on 2016-03-04. Retrieved 2015-04-28.
  8. Burley, Kevin (1968). British Shipping and Australia 1920-1939. Cambridge University Press., p. 95
  9. "Le collectionneur hollandais VAN BEUNINGEN MEURT SUBITEMENT". Le Monde.fr (in French). 1955-06-01. Retrieved 2023-02-24.
  10. "Ontdek kunstverzamelaar, ondernemer Daniël George van Beuningen". rkd.nl (in Dutch). Retrieved 2023-02-24.
  11. "Nutreco to delist from stock exchange as of April 17". 26 March 2015. Retrieved 2015-04-28.
  12. "SHV welcomes Kiwa as a new Group to the SHV Family of companies". www.kiwa.com. Retrieved 2023-02-13.