Further Consolidation in the French Chemical Distribution Market
Privately owned specialty chemicals distributor Lavollée S.A. (Levallois-Perret (Paris), France) has acquired neighbouring chemical distributor Société Versaillaise de Produits Chimiques [“SVPC”] (Levallois-Perret (Paris), France) including its Spanish subsidiary SVPC AKOD (Barcelona, Spain) from owner Jean-François Marchard for an undisclosed sum.
The acquired entity, which was originally founded in 1948, has a staff of 10 employees and posts sales of ca. EUR 20 mn in sectors like Water Treatment, Detergents and Coatings. According to Hervé O. Lavollée, President, the two companies “have known each other for decades and in the past, they have benefited from a number of shared resources such as a common sourcing office in China, common investment in regulatory matters and IT.”
After the acquistion, Lavollée as a group, together with its subsidiaries Firmalis (Food Ingredients) and Sipa A.Ch. Berthier (Flavours & Fragrances), and participations Pigm’Azur (Natural Pigments development and production) and Stevia Natura (Stevia Extracts production), will have a turnover in excess of EUR 80 mn, with a team of approx. 50 employees. Lavollée is also a member of the LEL Alliance of specialty chemicals distributors in Europe.
Source: Lavollée press release
HGE – DCG / 10.05.2021