German Distribution Group adds new Location in Scandinavia
Chemicals distributor OQEMA AG (Mönchengladbach, Germany) has announced the acquisition of Chemark ApS (Tureby, Denmark) for an undisclosed sum. The company mostly distributes Solvents for the Paints & Coatings, Pharmaceuticals, Surfactants and Cleaning Industries (Home Care and I & I) and achieves a turnover of ca. EUR 40 mn.
Anders Englund and Peter Nielsen, who have been managing the company for the last 12 years, will continue to lead the business under the new ownership, OQEMA said in the statement.
No financial details were disclosed on the transaction.
Source: OQEMA press release
HGE – DCG / 03.02.2020