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Oqema acquires natural flavors, fragrances supplier

January 29/2021

MOSCOW (MRC) -- The Oqema Group (Korschenbroich, Germany), a chemical distributor, says it has acquired Claus Nitsche & Sohn (Nitsche; Hamburg, Germany), said Chemweek.

Nitsche supplies essential oils, natural flavors, fragrance ingredients, and ingredient solutions, and the portfolio will complement Oqemas flavor and fragrance range, the company says. Financial terms of the deal have not been disclosed.

Morton Schmidt, who has managed Nitsche for the past 11 years, will co-lead the company in the future. Nitsche will initially act independently within the Oqema Group, Schmidt says. 

As per MRC, Azelis says it has signed an exclusive distribution deal for Manes (Le Bar sur Loup, France) flavor and fragrance products in the Benelux region, including Belgium, the Netherlands, and Luxembourg. The deal is effective from January 2021.

We remind that Russia's output of chemical products rose in November 2020 by 9.5% year on year. At the same time, production of basic chemicals increased in the first eleven months of 2020 by 6.6% year on year, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-November 2020 output. November production of polymers in primary form rose to 896,000 tonnes from 852,000 tonnes in October. Overall output of polymers in primary form totalled 9,240,000 tonnes over the stated period, up by 17.1%  year on year.

Oqema had 2019 sales of about EUR900.0 million USD1.1 billion).
Author:Anna Larionova
Tags:petroleum products, compounding, compounds, neftegaz, petrochemistry, Azelis Coating.
Category:General News
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