Algol Chemicals Strengthens its Scandinavian Footprint through the Acquisition of Amixo AB
The acquisition of Amixo AB significantly strengthens Algol Chemicals’ presence in the Scandinavian market. Amixo’s product portfolio including Ammonia Gas distributed in various packing formats and Aqueous Ammonia complements Algol Chemicals’ offering in the Industrials and Environmental & Energy Business Units. Furthermore, the Kumla production site offers excellent possibilities for further expansion.
Juha Jokinen, Managing Director of Algol Chemicals, says: “We are very excited about joining our forces with Amixo’s professional team, which has created a solid market position in the Scandinavian market over the past 25 years. Through joining our forces we will be in a better position to serve our Scandinavian customers through a wider product portfolio and a local production site in Kumla.”
“At Amixo we all feel happy and confident to get Algol as the new owner, which is an important factor for an easy and successful integration between the companies.
We all look forward to working jointly with Algol with both existing and new customers”, comments Torbjörn Kjellner, Managing Director of Amixo AB.
The closing of the deal is expected to take place in the coming four weeks.
For further information on the transaction:
| Algol Group: | Algol Chemicals Group: | Amixo AB: |
| Mr. Alexander Bargum | Mr. Juha Jokinen | Mr. Torbjörn Kjellner |
| Group CEO | Managing Director | Managing Director |
| +358 9 50991 | +358 9 50991 | +7 495 786 6330 |
|
Algol Chemicals offers a wide range of industrial and specialty chemicals as well as polymers used in various industries. Services and solutions related to the product offering form a growing part of the co-operation with our customers. Algol Chemicals has a leading position in the distribution of industrial chemicals in Finland and a well-established position in Scandinavia, the Baltics, Ukraine, Belarus and Russia through its JV Omya Algol Rus. Algol Chemicals is part of the Algol Group, a Finnish family enterprise founded in 1894. The Group's total sales exceeds 200 million euro. |
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