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Monday, 26 August 2019
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Markets & companies, Coatings market

Stockmeier acquires industrial chemicals business from Indukern

Friday, 8 March 2019

The German Stockmeier Group acquires the industrial chemicals distribution division of Indukern, company of the Spanish Indukern Group on 1st March 2019. The business is taken over by the newly founded Stockmeier Química SLU.

Stockmeier invests in the Spanish distribution market with the aquisition of Indukern's industrial chemicals distribution division. Source: 3dman_eu / Pixabay.
Stockmeier invests in the Spanish distribution market with the aquisition of Indukern's industrial chemicals distribution division. Source: 3dman_e...

Indukern is a Spanish company belonging to Indukern Group and Díaz-Varela family, headquartered in Barcelona and dedicated to the distribution of chemical products and greater added value activities of formulation, production and technical advice for several industrial sectors. The agreement of selling its Industrial Chemicals division responds to it’s growth strategy, prioritising the activities of its other four divisions: Flavours & Fragrances, Food Ingredients, Animal Nutrition and Pharma and animal health

Expansion of operating activities throughout Spain

Stockmeier, a family-owned company based in Bielefeld, not only has a strong presence in its home market of Germany, but also has locations in Benelux, France, Austria, Poland, the Czech Republic, Hungary, Romania and Slovakia. The expansion course will now be continued. With its "Química Industrial"/Industrial Chemicals division, Indukern last generated sales of 80 million euros with 70 employees. The warehouses in Barcelona and Valencia will be taken overand will continue to serve as transhipment points for inorganic, organic products and specialty chemicals. With the additional sales offices, Stockmeier Química SL will be represented throughout Spain. 

European expansion strategy

Most recently, the group had grown significantly in Central Eastern Europe through the acquisition of the Austrian company HDS-Chemie. Just recently, a new sales office was opened in Hungary. The owner-managed group of companies is thus continuing its targeted expansion strategy in the European market.

Image source: Pixabay

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