Tags: Deal completions
Benchmark International is delighted to announce the transaction between Casoria and OQEMA has completed.
County Cavan-based Casoria was established in 1998 and is a distributor of a range of chemicals and metals to the Irish market.
With headquarters in Mönchengladbach, Germany, and a base in Oxfordshire, OQEMA is a global chemical manufacturing and distribution company. It is one of the largest chemical distributors in Europe with almost 1,250 employees currently working at 45 locations in 23 countries.
The management of Casoria will remain in place and the company will join part of the OQEMA Western Hub, which also includes the existing Irish based businesses of the group.
Declan Young, managing director at Casoria, commented: “OQEMA is a perfect partner for Casoria to further develop its business. We are very proud of the excellent relationships that we have built up with our customers and suppliers over many years and believe that OQEMA's knowledge, expertise and geographical reach will complement and enhance our offering to the market.”
Hartmut Kunz, CFO of OQEMA, added: “We are delighted that Casoria has become part of the OQEMA family. This acquisition is beneficial to us in many ways, not only by expanding our presence in Ireland, but also through our strategic focus on the food and pharmaceutical industries.”
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
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Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $7B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 14 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.