MOSCOW (MRC) -- OQEMA Group announced the acquisition of Casoria 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, said the company.
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. The deal value was not disclosed.
As MRC informed earlier, Oqema Group (Korschenbroich, Germany), a chemical distributor, says it has acquired Claus Nitsche & Sohn (Nitsche; Hamburg, Germany). Nitsche supplies essential oils, natural flavors, fragrance ingredients, and ingredient solutions, and the portfolio will complement Oqema’s flavor and fragrance range, the company says. Financial terms of the deal have not been disclosed.
We remind that Russia's output of chemical products rose in June 2021 by 10.2% year on year. However, production of basic chemicals increased year on year by 8.2% in the first six months of 2021, according to Rosstat's data. June production of polymers in primary form was 937,000 tonnes versus 956,000 tonnes in May. Russia's overall output of polymers in primary form totalled 4,460,000 tonnes over the stated period, up by 12.8% year on year.