News Article 2015

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January 26 2015, David R Brown

Algol Chemicals strengthens its position in industrial chemicals in Scandinavia

Algol Chemicals, a leading chemicals distributor in Northern Europe, has strengthened its position in the Scandinavian market through the acquisition of Amixo AB. Amixo AB specializes in the distribution of anhydrous Ammonia gas and has also recently invested in the production of Aqueous Ammonia solution for various industrial applications, particularly the growing environmental segment. Amixo is also involved in handling, packaging and distribution of water treatment chemicals.

We are very excited about joining our forces with Amixo's professional team

Juha Jokinen
Managing Director of Algol Chemicals

The acquisition of Amixo AB adds to Algol Chemicals' presence in the Scandinavian market and complements Algol Chemicals' offering in their Industrials and Environmental & Energy Business Units. Furthermore, the company's 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.

Amixo AB was founded in 1989 by the Kjellner family. Its main office and warehouse is situated in Kvarntorp to south of Örebro, Sweden which has excellent road and rail network connections. The closing of the deal is expected to take place within four weeks.

About Algol Chemicals
Algol Chemicals offers a wide range of industrial and specialty chemicals as well as polymers used in various industries. Algol Chemicals has a leading position in the distribution of industrial chemicals in Finland and a well-established position in Russia, Scandinavia, the Baltics, Ukraine and Belarus. Algol Chemicals is part of the Algol Group, with Group's total sales over 200 million euros and 500 employees.

Source(s): Algol Press Release

Further Information

Visit: http://www.algolchemicals.com