December 2 2020, David R Brown
STOCKMEIER Group acquires the majority of shares of Innochem NV in Belgium
The STOCKMEIER Group has acquired the majority shares in Innochem NV, headquartered in Meerhout, Belgium. The Belgian company is well-established as an international distributor of specialty chemicals in the European market. With the acquisition of a controlling stake in Innochem NV, the STOCKMEIER Group is continuing its strategic expansion in Europe. The Bielefeld-based family business is not only strongly represented in its home market of Germany, but also in Spain, France, Benelux, Switzerland, Austria and Central Eastern Europe. With Innochem NV the existing Belgian market will now be expanded and further developed.
We are very pleased that Innochem NV is now part of our group of companies and that STOCKMEIER will expand its portfolio for specialty chemicalsPeter Stockmeier
Managing Partner of the STOCKMEIER Group
“We are very pleased that Innochem NV is now part of our group of companies and that STOCKMEIER will expand its portfolio for specialty chemicals.”, says Peter Stockmeier, Managing Partner of the STOCKMEIER Group, about the latest acquisition.
Jan Fias, the General Manager of Innochem NV added that “The incorporation of our activities in the bigger structure of the Stockmeier Gruppe will allow us to offer our suppliers and customers a pan-European approach without compromising on our flexibility.”
Innochem was established in 1997 and is active in the fields of pharmaceutical intermediates, additives for coatings and resins, chemicals for water treatment and intermediates for explosives. The company mainly sources its products from China, India, South Korea and Russia.
The STOCKMEIER Group stands for a reliable supply throughout Europe with chemical products. With this claim the company has developed us from a regional trading house to an international group with over 1,800 employees. Today, the STOCKMEIER Group comprises companies that offer distribution, production and services for all aspects of chemicals at over 50 locations worldwide. Despite diversification and strong growth, STOCKMEIER remains a value-oriented family business and firmly rooted in East Westphalia. In 2019 the STOCKMEIER Group reported revenues of around €1.25Bn.
Source(s): Stockmeier Press Release