News Article 2016

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January 25 2016, David R Brown

Algol Chemicals enters the Indian chemicals distribution market

Nordic-based distributor, Algol Chemicals has completed the acquisition of Dynamic Orbits Advisory Private Limited (Dynamic Orbits), a specialty chemicals distributor based in Delhi, India. Dynamic Orbits is focused on the polymers, coatings and life sciences segments. In addition, the company offers sourcing and regulatory services for REACH compliance. Dynamic Orbits has its offices and warehouses in Delhi and Mumbai.

Expanding to India is a historical milestone for us, but we still see it as a natural part of our overall growth ambition

Alexander Bargum
Algol Group CEO and chairman of Algol Chemicals

“This is an unique opportunity to enter the fast-growing Indian chemicals distribution market. Dynamic Orbits has a proven track record of excellent service, a highly professional and dedicated team and strong business ethics”, says Juha Jokinen, Managing Director of Algol Chemicals. “The acquisition of Dynamic Orbits is the second acquisition made by Algol Chemicals within the past 12 months. We plan to grow our chemicals distribution business also in future.”

“Dynamic Orbits is excited with this new association. Algol is a respected name in the European chemical distribution market. We already have a strong platform in a high-growth geography, and we believe this could be a turning point in our growth strategy”, says BL Bajaj, founder of Dynamic Orbits.

“Expanding to India is a historical milestone for us, but we still see it as a natural part of our overall growth ambition. At the same time, we continue to focus on strengthening and broadening our activities in our existing markets. Mr. BL Bajaj together with Dynamic Orbit's personnel has spent many years in building up a highly successful business. We are grateful to him for entrusting Algol with the task of continuing that work”, says Alexander Bargum, Algol Group CEO and chairman of Algol Chemicals.

Dynamic Orbits now forms as a wholly-owned subsidiary of the Algol Chemicals group. No personnel changes are planned as a result of the transaction.

About Algol Chemicals
Algol Chemicals is part of the Algol Group. Algol is a Finnish family enterprise founded in 1894. Algol Group supplies products and solutions for industry and healthcare. Algol's organisation of sales and industry professionals serves customers in the Nordic and Baltic countries, in Eastern Europe and in India. The Group's total sales exceeds 200 million euro.

Source(s): Algol Chemicals Press Release

Further Information

Visit: http://www.algolchemicals.com