Oqema acquired Elettrochimica Valle Staffora.

Germany-headquartered Oqema acquired Elettrochimica Valle Staffora, an Italian chemical distributor. Financial terms were not disclosed. Peter Overlack, CEO of Oqema, sees the growth in Southern Europe as a consistent continuation of the company's European strategy. “EVS is a traditional, reputable Italian company that, in close, trusting collaboration with its highly valued director, has moved forwards continuously over the decades, unhurriedly and calmly, patiently and reliably. We are happy that Olindo Deserti, our spiritus rector, will remain part of the management of the company for years to come! Olindo inherited the company from his father and turned it into a market leader in northern Italy in just a few years,” said Overlack.