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Friday, 07 August 2020
Markets & companies, Raw materials market

Acquisition: Overlack to continue operation of the Klink business group

Wednesday, 7 October 2015

During the annual conference of the European Petrochemical Association (EPCA) in Berlin, Germany, chemicals distributor Overlack AG announced that it is to take over the Klink business group.

Klink's headquarters in Stuttgart, Germany. Source: Klink Group

Klink's headquarters in Stuttgart, Germany. Source: Klink Group

The Klink group includes raw materials sales offices in Germany and Switzerland as well as a bulk storage tank facility on the River Rhine near Ludwigshafen. The facility has more than 38 tanks with capacities between 30 and 1,500 m³ as well as a ship terminal and a rail siding.

Optimising purchasing and logistics

The Klink sales territory covers Germany, Austria, Scandinavia and the Benelux – and thus lies at the heart of the Overlack network. The Mönchengladbach-based company has 35 sites in 16 countries throughout Europe. Peter Overlack, spokesman of the board of management at Overlack AG: "We have always emphasised that in addition to expanding our range of speciality chemicals, we would continue to strengthen the commodities sector. With the acquisition of Klink we will be able to optimise our purchasing and logistics – to the benefit of both Klink and Overlack customers."

The Klink group has an annual turnover of EUR 69 million. The parties have agreed to maintain confidentiality about the purchase price. The German Federal Cartel Office has already given its approval for the deal.

This acquisition is the first since the agreement on a private equity partnership between Overlack and Hannover Finanz that will provide equity in the form of a convertible bond.

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