Oqema Acquires Denmark’s Chemark

German distributor Oqema Group has acquired Denmark’s Chemark for an undisclosed sum. Based in Tureby, Chemark has been active in the Nordic market for around 20 years with a focus on distributing solvents.

Oqema said the move has generated strong growth for its network in Scandinavia and is a “perfect complement” to the group’s portfolio in the paint and coatings, pharmaceuticals, detergents and household, industrial and institutional (HI&I) market segments.

Peter Overlack, Oqema’s CEO, said Chemark’s location in the greater Copenhagen area provides an excellent operating base for expansion into Sweden, Finland and Norway.

Oqema, formerly known as Overlack, puts itself among the five largest chemical distributors in Germany and among the top 10 in Europe

Last August, the Mönchengladbach-headquartered group acquired Rocara, an Irish chemical distributor and manufacturer that offers a range of general and specialty chemicals, solvents and surfactants.