German Stockmeier Group acquired Química Industrial, Spanish Indukern Group’s industrial chemical distribution division. The newly founded Stockmeier Química SLU will take over the business.
According to Indukern’s growth strategy, the agreement to sell its Industrial Chemicals division to the Stockmeier Group prioritizes the activities of its four other divisions.
“We are very pleased that the Diaz-Varela and Stockmeier families have come to an agreement and that Stockmeier will in future also occupy a leading position in chemical distribution in Spain. The business fits perfectly into our group of companies,” says Peter Stockmeier, Managing Partner of the Stockmeier Group.
Indukern last generated sales of € 80 million with 70 employees with its “Química Industrial” / Industrial Chemicals division. Indukern will focus on its four other divisions with this decision.
Daniel Díaz-Varela, managing director of Indukern, states “we have decided to sell this division as it considered not being strategic in Indukern’s structure and as it considered not finding enough synergies with the rest of the activities of our company. Our goal is to focus in another priority areas, as Flavours & Fragrances or Food Ingredients for example, which have grown most lately. Maintaining this division without not developing all its potential and without strong inversions would have been a mistake”.
Stockmeier will take over the warehouses in Barcelona and Valencia and continue to serve as transhipment points for inorganic, organic and specialty chemicals.
Stockmeier Química SL will be represented throughout Spain with the additional sales offices. Thus, the Stockmeier Group is expanding its position in Europe further.
Recently, by acquiring the Austrian company HDS-Chemie, the group had grown significantly in Central Eastern Europe. A new sales office has just recently been opened in Hungary. Thus, the owner-managed company group continues its targeted expansion strategy on the European market.
“We want to be among the top three chemical distributors in Europe. With this acquisition we have taken another big step in this direction”, says Matthias Mirbach, Managing Director of Stockmeier Holding GmbH. “We will now further expand our business in Spain and exploit the synergies between our various companies in Europe. This makes us an attractive partner for customers and suppliers throughout Europe.”
About Indukern: Indukern is a Spanish company belonging to the Indukern Group and the Díaz-Varela family, headquartered in Barcelona, dedicated to the distribution of chemical products and increased value-added formulating, manufacturing and technical advice for several industrial sectors.
About Stockmeier Group: Stockmeier, a family –