- HARKE GROUP acquired Vendico Group, including Vendico Chemical AB, Inventicon AB, and Omni International AB.
- Vendico Group supplies chemical raw materials for Personal Care, Home Care, and I&I sectors.
- The acquisition enhances HARKE's market presence in Sweden, Denmark, Norway, Finland, Iceland, and the Baltic region.
- No specific investment amounts or timelines were disclosed.
Acquisition Overview
HARKE GROUP, headquartered in Mülheim an der Ruhr, Germany, has acquired the Swedish Vendico Group. This acquisition includes Vendico Chemical AB, Inventicon AB, and Omni International AB. The move aims to bolster HARKE's presence in the Nordic chemical distribution market.
Vendico Group's Market Role
Vendico Group is a key player in the Nordic chemical industry, representing numerous leading manufacturers of chemical raw materials. Their focus spans the Personal Care, Home Care, and Industrial & Institutional (I&I) sectors, with a strong emphasis on surface active applications.
Strategic Fit and Market Expansion
The acquisition aligns with HARKE GROUP's strategy to expand its market reach in Sweden, Denmark, Norway, Finland, Iceland, and the Baltic region. The integration of Vendico's product range and existing partnerships is expected to enhance service offerings to customers and principals across Europe and Asia.
Leadership Perspectives
Thorsten Harke, President of HARKE GROUP, emphasized the strategic benefits of the acquisition, highlighting the complementary nature of the two companies' regional coverage and product offerings. Anders Håkansson, Managing Director of Vendico Group, noted the shared business strategy and market approach, ensuring continuity and improved service for customers and staff.
