22. Jan 2021 | Markets & Companies
VMP Chemiekontor takes over Quaan
With the acquisition of Quaan the family business VMP Chemiekontor, whose headquarters are in Siegburg, Germany, wants to continue its expansion strategy. The extension of the product portfolio associated with the purchase permits the group of companies to increase its strength in the CASE market segment with a fourth location in Hamburg, which has now been added to its other sites in Siegburg, Hong Kong and Zurich.
"The right partners at the right time"
VMP CEO Gerhard Meinel says: "I would like to welcome the staff of Quaan GmbH to the VMP group of companies. Their portfolio and resources make them precisely the right partners at the right time to allow the company to continue to grow."
Harry Reimers, previously Quaan GmbH's sole shareholder and CEO, will stay on in an advisory capacity and says: "I am delighted that with VMP, I have found a buyer whose values and strategy match Quaan's perfectly. That was very important to me, and I am certain that the takeover will lead to a win–win situation for both companies."
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