Oqema Group has announced the acquisition of Casoria in Ireland. The company, based in Cavan, is a distributor of chemicals and metals to the Irish market and was founded in 1998 by Declan Young.
Young commented: “Oqema is a perfect partner for Casoria to further develop its business. We are very proud of the excellent relationships that we have built up with our customers and suppliers over many years and believe that Oqema's knowledge, expertise and geographical reach will complement and enhance our offering to the market.”
Hartmut Kunz, CFO of Oqema, added: “We are delighted that Casoria has become part of the Oqema family. This acquisition is beneficial to us in many ways, not only by expanding our presence in Ireland, but also through our strategic focus on the food and pharmaceutical industries. Casoria becomes a platform for our broad product range.”
The management of Casoria will remain in place and the company will join part of the Oqema Western Hub alongside the existing Ireland-based businesses of the group.