May 21 2024, David R Brown
Stockmeier takes a majority stake in Dutch specialty chemicals distributor Vesta Chemicals
German-headquartered Stockmeier Group, comprising companies that offer distribution, production and services relating to chemicals, has acquired a majority stake in Vesta Chemicals B.V., located in Zwolle, Netherlands. The deal is retroactive from 1st January 2024.
We are pleased to take over the majority stake in Vesta Chemicals in order to further expand our specialty chemicals business in Europe
Jan Smeets
Managing Director of Innochem
Established in 1988, family-owned Vesta Chemicals is a distributor of fine chemicals and intermediates and specialty chemicals. It supplies polymerisation initiators, organic peroxides and a vast number of organic catalysts and special intermediates to customers producing powder coatings, alkyd resins, polyurethane, epoxy resins, plastics and elastomers, construction chemicals and fragrances across Europe and North America. Vesta has its own Reach registrations, high-standard European ADR warehouses and a diversified global supplier base.
Vesta's portfolio is complementary to Innochem in Meerhout, Belgium, Stockmeier's center of excellence for fine chemicals and intermediates, as well to Stockmeier's business units for specialty chemicals across Europe. Jan Smeets (Managing Director of Innochem) and Dirk Seidel (Managing Director of Stockmeier Chemie), together with Erik-Jan van Dijk and Harry Kleinsmit (Vesta Managing Directors) will jointly lead and manage the company and roll out the synergies of the combined organisation.
“We are pleased to take over the majority stake in Vesta Chemicals in order to further expand our specialty chemicals business in Europe. With the acquisition, the STOCKMEIER Group now serves the polymers and resins market with a complete range of products, ranging from polymerization initiators to inhibitors,” said Jan Smeets, Managing Director of Innochem. “Our goal is to expand our market share with Innochem and Vesta's expertise in these specific segments.”
Harry Kleinsmit, CEO of Vesta Chemicals, added, “We are pleased to become part of the STOCKMEIER Group. This acquisition is a significant milestone in our company's history, allowing us to continue our growth strategy to meet evolving customers needs and to better meet the increased requirements in our specialty chemicals market.”
About STOCKMEIER
The STOCKMEIER Group has been a family-run company for three generations. In 100 years, it has grown from a regional trading firm to an international group with over
2,000 employees and more than 50 locations worldwide. Today the STOCKMEIER Group comprises companies that are engaged in the production and distribution of chemicals and services. In all, over 26,000 products are manufactured and sold to more than 30,000 customers worldwide. In 2023 the STOCKMEIER Group reported revenues of around €2.03Bn.
Source(s): Stockmeier Press Release
Further Information
Visit: https://www.stockmeier.com