Aramine and Aramine Loaders have been absorbed into the company Groupe Melkonian as part of a merger that will strengthen the company’s capitalisation, it said.

Since January 1, Aramine is now a “simplified joint stock” company with a capital of €20.41 million ($22.7 million), compared with €900,000 previously, registered in the Aix-en-Provence Trade and Companies Registry, it said.

The merger’s objective is to strengthen the company’s relationship with its stakeholders and to offer a single point of contact to our partners, it said.

Groupe Melkonian is owned by Geneviève, Marc and Christophe Melkonian, the Presidents of Aramine (pictured).