Stockmeier Group acquires an equity interest in Austrian-based distributor, HDS-Chemie
January 5 2017, David R BrownTweet
Stockmeier Chemie GmbH & Co. KG has annouced that it has acquired a ownership interest in specialty chemical distributor, HDS-Chemie Handels Ges.m.b.H. Through this strategic partnership, Stockmeier will add locations in Vienna, Bratislava (Slovakia) and Iasi (Romania) to its European network and extend its reach to markets in Hungary, the Czech Republic, Poland, Slovenia, Croatia, Serbia, Bosnia, Bulgaria and Macedonia. The existing business of SFC Stockmeier in Vienna will be merged into HDS-Chemie from the beginning of March 1, 2017.
We're planning on expanded market penetration through a high-quality distribution channel in Austria and Eastern EuropePeter Stockmeier
CEO of the STOCKMEIER Group
Managing Partner Christian Schuster, part of the second generation of the founding family, will continue to lead HDS-Chemie and the Stockmeier Group now has a strong partner in Eastern Europe with which it can carry business forward with many customers and supplier partners in these new markets.
“We're very pleased to be able to welcome HDS-Chemie as a new member in our company. 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 speciality chemicals,” says Peter Stockmeier.
“With the sale of company shares to the Stockmeier Group, we gain a strong partner at our side to give us long-term support along the growth course we’ve embarked on. We believe strongly in the work we’re doing together, both in business terms and on a human level,” says Christian Schuster of the decision to partner with the Stockmeier Group.
HDS-Chemie was founded in 1949 and supplies specialty chemicals to a wide range of industries including plastic & rubber, CASE and life sciences.
About the Stockmeier Group
Founded in 1920, the Stockmeier Group is a privately owned full-line distributor and manufacturer currently under the 3rd generation of family ownership. The company has 44 locations (25 in Germany) and services over 30,000 customers in Germany, France, Austria, Switzerland, Poland, Russia and the USA and has around 1,300 employees. In 2015 the Group achieved sales revenues of nearly EUR 1 billion.
Source(s): Stockmeier Press Release
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