02.02.2017 • News

Stockmeier Takes Stake in HDS-Chemie

(c) Alistair Berg/Getty Images
(c) Alistair Berg/Getty Images

German chemical distributor Stockmeier has expanded its presence in Austria and eastern Europe following the acquisition of a stake in HDS-Chemie as of Jan. 1. The size of the stake and financial terms were not disclosed.

The Bielefeld-based group has added sites in Vienna, Austria; Bratislava, Slovakia; and Iasi, Romania, serving markets in Hungary, the Czech Republic, Poland, Slovenia, Croatia, Serbia, Bosnia, Bulgaria and Macedonia.

“With this strategic partnership, we’re planning on expanded market penetration through a high-quality distribution channel in Austria and eastern Europe with a clear focus on specialty chemicals,” said Peter Stockmeier, CEO of the German group.

Commenting on the deal, Christan Schuster, managing partner of HDS-Chemie, said the Vienna-based company has gained a strong partner that will provide long-term support along its growth path.

SFC Stockmeier in Vienna will be merged into HDS-Chemie from Mar. 1.

Interview

Driving Sustainability Through Collaboration
Building Green Practices Across the Chemical Supply Chain

Driving Sustainability Through Collaboration

Together for Sustainability (TfS) is a pioneering, member-led initiative working to accelerate sustainable and resilient chemical supply chains. TfS President Jennifer Jewson discusses the origins of TfS, its evolving goals, its present-day challenges, and the initiative’s enduring impact and outlook for the future.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Top-Feature

most read

Photo
News • Chemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.