July 17 2019, David R Brown
Leading pan-European chemical distributor, STOCKMEIER takes over 100% of Quaron S.A.S.
STOCKMEIER Holding GmbH has acquired a further 50% of Quaron SAS in France from its JV partner Oqema (formerly Overlack). This means that the German (Bielefeld)-based family business now holds 100% of the shares in the company.
This acquisition was another important step for us in the market consolidation and we will significantly increase our service offer for our customers and suppliers
Peter Stockmeier
Managing Partner of STOCKMEIER Holding GmbH
Quaron is one of the leading suppliers of chemicals in France. In addition to the distribution of chemicals, Quaron's portfolio also includes the development and production of cleaning agents and disinfectants. The company has 7 locations and a comprehensive sales network in France. With 300 employees, the company generated sales of EUR 180 million last year.
STOCKMEIER Holding GmbH has held a 50% stake in Quaron since 2011. At that time, the company was taken over through a joint venture with Oqema. Univar had originally tried to purchase Quaron France in addition to Quaron Benelux but the company ran in to regulatory difficulties with the EU and French competition authorities. Now STOCKMEIER has acquired the remaining shares of Oqema.
With this acquisition, the STOCKMEIER Group further expands its position in the European market. In March, the company had already acquired the industrial chemicals division of the INDUKERN Group in Spain, which is now being continued as STOCKMEIER Química SLU under the umbrella of the STOCKMEIER Group. At Quaron, the existing structures will be retained and business will continue as before. Together with the colleagues from Quaron, the expansion of the international key account management will be continued.
“We are very pleased that Quaron now belongs 100% to the STOCKMEIER Group. There are many synergies in the field of chemical distribution and the manufacture of cleaning agents which we will use intensively in the future,” says Peter Stockmeier, managing partner of STOCKMEIER Holding GmbH. “This acquisition was another important step for us in the market consolidation and we will significantly increase our service offer for our customers and suppliers”.
About STOCKMEIER
The STOCKMEIER Group stands for the reliable supply of chemical products throughout Europe. With this ambition, the family business has developed from a regional trading company to an international group with over 1,400 employees. Today, the STOCKMEIER Group comprises companies that offer distribution, production and services for chemicals at over 50 locations worldwide. In total, more than 26,000 products are traded and produced and are supplied to more than 30,000 customers worldwide.
About Quaron
Quaron SAS is one of the leading French suppliers of high-quality chemicals. Since 1925, Quaron has served the French domestic market nationwide through its seven sites and is also active in exports. In addition to the chemical trade, Quaron is also a specialist in the manufacture of formulated cleaning and disinfecting agents for the agricultural and food industries as well as various other applications. With 300 employees, approx. 330,000 tons are sold annually.
Source(s): Stockmeier Press Release
Further Information
Visit: https://www.stockmeier.com