June 20 2018, David R Brown
Swiss Omya Group acquires Romanian chemicals distributor, Stera Chemicals
The Omya Group, a global producer of industrial minerals and a worldwide distributor of specialty chemicals, has entered into negotiations to acquire Romanian distributor, Stera Chemicals S.R.L. The transaction is expected be finalized in Q3 2018, following completion of certain conditions including approval by the relevant regulatory authorities.
Stera Chemicals provides a strong platform for further sales growth in specialty chemicals and value added calcium carbonate productsHarald Pfaller
CEO Region Greater South & East of Omya
Founded in 1999, Stera Chemicals is one of the leading chemical distributors in Romania suppling bulk and packaged raw materials to the paints & coatings, rubber and plastics, cosmetics and detergents and food industries.
“Stera Chemicals provides a strong platform for further sales growth in specialty chemicals and value added calcium carbonate products”, says Harald Pfaller, CEO Region Greater South & East of Omya.
The deal strengthens the Omya Group's position in the wider CEE region where it already has a significant presence in specialty chemicals distribution. The Omya Group has been established on the Romanian market for some time through Omya Calcita S.R.L., a calcium carbonate producer employing around 50 people.
Omya is a leading global producer of industrial minerals – mainly fillers and pigments derived from calcium carbonate and dolomite – and a worldwide distributor of specialty chemicals. The company provides a wealth of product solutions that contribute to its customers' competitiveness and productivity in multiple industries such as Construction, Printing & Writing, Technical Polymers, Packaging, Food, Personal & Home Care, Pharmaceuticals, Agriculture, Forestry, Water and Energy. Founded in 1884 in Switzerland, Omya has a global presence extending to more than 175 locations in over 50 countries with 8,000 employees. Committed to implementing the principals of sustainability at all company levels, Omya provides added value products and services from responsibly sourced materials to meet the essential needs of current and future generations.
Source(s): Omya Press Release