German chemical distribution company Oqema Group has acquired Italian chemical firm Elettrochimica Valle Staffora (EVS). EVS’s business line covers the full organic and inorganic product ranges in the following business lines: industrial, food, pharmaceuticals and cosmetics, water treatment, and rubber and resins, to complement Oqema’s product range.
The 50-year old family-run EVS is based in the greater Milan area. It has a warehouse storage area and neighbouring reserve plot of approximately 50,000 sqm each, between the cities of Milan and Genoa. The company also has a representative office and a second site in Milan. EVS’s annual turnover is reported to be EUR60 million.
Peter Overlack, CEO of Oqema, sees the growth in Southern Europe as a consistent continuation of the company’s European strategy. “EVS is a traditional, reputable Italian company that has moved forwards continuously over the decades. We are happy that Olindo Deserti (the owner) will remain part of the management of the company for years to come! Olindo inherited the company from his father and turned it into a market leader in northern Italy in just a few years,” said Overlack.
Headquartered in Mönchengladbach, Germany, Oqema Group has 40 locations in 18 countries and says that it is one of the ten largest chemical distributors in Europe.