Oqema Acquires Elettrochimica Valle Staffora

11th April 2019

Oqema Acquires Elettrochimica Valle Staffora

On April 1, the Mönchengladbach, Germany-headquartered Oqema group acquired the Italian chemical distributor Elettrochimica Valle Staffora (EVS) based in the greater Milan area. EVS’ products and services ideally complement Oqema's portfolio in the business lines industrial, food, pharmaceuticals and cosmetics, water treatment, and rubber and resins. The current annual turnover of EVS is just under EUR 60 million.

EVS is a family-run company with around 50 employees. In Rivanazzano Terme, a town between Milan and Genoa, it maintains a storage area of approx. 50,000 m2 with a neighboring reserve plot of 50,000 m2. A second EVS site is located in Milan.

Peter Overlack, CEO of Oqema, sees the growth in Southern Europe as a consistent continuation of the company's European strategy. “EVS is a traditional, reputable Italian company that, in close, trusting collaboration with its highly valued director, has moved forwards continuously over the decades, unhurriedly and calmly, patiently and reliably. We are happy that Olindo Deserti, our spiritus rector, will remain part of the management of the company for years to come! Olindo inherited the company from his father and turned it into a market leader in northern Italy in just a few years,” said Overlack.

The Oqema Group has 40 locations in 18 countries and, according to its own figures, is one of the ten largest chemical distributors in Europe.

Photo: © Elettrochimica Valle Staffora
Mönchengladbach, Germany-headquartered Oqema group acquired the Italian chemical distributor Elettrochimica Valle Staffora (EVS)

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