German chemicals distributor Oqema acquired the Orosolv Group, a French distributor of lubricants and other products, to expand and develop its business in France and strengthen its European presence. Terms were undisclosed.
The Orosolv Group distributes chemical products, lubricants, heat transfer fluids, surface treatment products and paints, Hartmut Kunz, Oqema’s CFO and board member, said in an April 12 press release. Orosolv also collects and processes industrial waste.
The French company is based in Oyonnax, in Ain – referred to as the French Plastics Valley – and in Brignais, near Lyon. Orosolv Group, which has more than 20 employees, has two warehouse locations, and its own logistics, blending and repacking facilities. Oqema said the acquisition will help it further expand its infrastructure by focusing on network expansion of its warehouses. “Orosolv’s focus on repackaging and the formulation of paints and solvents complements the existing offer perfectly,” Oqema said.
Orosolv was founded in 2005 by Stephane Farissier and will be integrated with Oqema France, which is managed by Jean-Francois Daligault.
“The Orosolv Group, with its warehouses, bulk storage service facilities and its high level of technical expertise, offers us great opportunities in the expansion of our portfolio and in value-added services for our customers,” Daligault said in a press release. The acquisition adds to its existing portfolio in the region and to its existing dense European network, the company said.
OQEMA Group’s 1,300 employees work at 45 sites in 23 countries. The company provides pan-European services along the supply chains, including procurement, product development, individual mixing, logistics and recycling. Some of the products distributed by Oqema that are used in lubricants or in base stocks include fatty acids, tall oil fatty acids and distillates, and isononanoic acid.