January 10 2022, David R Brown
OQEMA expands its European network with acquisition of Tecnufar Iberica in Spain
Leading European chemical distributor, OQEMA has acquired Tecnufar Iberica S.L., a supplier of innovative sustainable and high quality food ingredients and additives with main offices in Madrid, Spain. For the OQEMA Group, celebrating its 100th anniversary this year, this step helps the company complete its presence across Europe and strengthens the Group's position in the Iberian market.
We are proud to announce our first acquisition in our anniversary yearPeter Overlack
Chief Executive Officer of the OQEMA Group
Peter Overlack, Chief Executive Officer OQEMA Group said: “We are proud to announce our first acquisition in our anniversary year: Tecnufar Iberia S.L. with main offices in Madrid, Spain. With this acquisition, the OQEMA Group grows its food business by adding innovative, sustainable and high quality food ingredients and additives to its existing portfolio and strengthens the Iberian market position of OQEMA in this field.”
Founded in 1994, Tecnufar Iberica S.L. is a supplier of innovative, sustainable and high-quality food ingredients and additives. The company focuses on niche and higher value ingredients and applications, providing reliable and value adding services to customers and the principals they represent in the region and is active in the Iberian market for almost 30 years.
Matthias Mirbach, HUB Director of Southern Europe is looking forward to expanding and developing the business on the Iberian peninsula: “We are happy that the acquisition of this mid-sized family-owned company with a strong cultural resemblance to that of OQEMA was possible and want to welcome the company to our Group. Furthermore, we are pleased about the further synergies in the European market.”
Andres Herepey, who has successfully managed Tecnufar with a team of over 20 people since 1994, and who will continue as a managing director in the future, said: “Our roots are medium-sized and family-run. OQEMA is therefore the best possible partner for us to marry our local roots and spirit with the benefits of an international distribution company.”
The OQEMA Group, founded in 1922, is celebrating its 100th anniversary this year. Founded as a small family-owned chemical manufacturer, OQEMA is now one of the top 10 chemical distributors in Europe. Almost 1,200 employees currently work for OQEMA across 45 locations in 23 countries. At the interface between chemicals manufacturers and chemical-processing industries, the OQEMA Group provides pan-European services along the supply chains, which includes procurement, product development, individual mixing, logistics and recycling. The Group has specific expertise in the technical and regulatory support of its customers. OQEMA is also the exclusive distribution partner of various renowned producers. OQEMA offers a highly dynamic and continuously expanding product portfolio of more than 15,000 products.
Source(s): OQEMA Press Release