News Article 2021

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August 24 2021, David R Brown

OQEMA expands its European network with acquisition of Casoria

The OQEMA Group has announced the acquisition of Casoria Company Limited in Ireland. Casoria, based in Cavan, is a distributor of a range of chemicals and metals to the Irish market and was founded in 1998 by Declan Young.

This acquisition is beneficial to us in many ways, not only by expanding our presence in Ireland, but also through our strategic focus on the food and pharmaceutical industries

Hartmut Kunz
CFO of OQEMA AG

Declan Young commented: “OQEMA is a perfect partner for Casoria to further develop it’s business. We are very proud of the excellent relationships that we have built up with our customers and suppliers over many years and believe that OQEMA's knowledge, expertise and geographical reach will complement and enhance our offering to the market.”

Hartmut Kunz, CFO of OQEMA AG, added: “We are delighted that Casoria has become part of the OQEMA family. This acquisition is beneficial to us in many ways, not only by expanding our presence in Ireland, but also through our strategic focus on the food and pharmaceutical industries. Casoria becomes a platform for our broad product range.”

The management of Casoria will remain in place and the company will join part of the OQEMA Western Hub which also includes the existing Irish based businesses of the group.

About OQEMA Group
The OQEMA Group, formerly Overlack, is one of the leading chemical distributors in Germany. Around 1,200 employees currently work for OQEMA Group across 45 locations in 21 countries. At the interface between chemicals manufacturers and chemical-processing industries OQEMA provides supply chain services ranging from procurement, product development and custom mixing to logistics and recycling. The Group also supports its customers with specialist expertise in technical and regulatory support. In 2020 the OQEMA Group reported revenues of EUR 913 million.

Source(s): OQEMA Press Release

Further Information

Visit: https://www.oqema.com