SAA has advised shareholder of Stera Chemicals, a leader in the distribution of chemical raw materials, on the sale of 70% of their stake in Stera to OQEMA Group, one of the ten largest European chemical distributors.
Founded in 1999, Stera Chemicals operates in several industries, including varnishes and paints, cosmetics and detergents, rubber, constructions, plastics, food, water treatment and agriculture. The company has a strong portfolio which comprises over 1,000 products and more than 1,100 customers and a yearly turnover of over 33 million euro whereas OQEMA books a turnover of 1.3 billion euro ($1.4 billion) from 45 locations in 21 countries and more than 1,300 employees.
The acquisition of Stera Chemicals is a significant milestone for OQEMA Group, as it will enable the company to better serve specialty customers in the SEE region and beyond with an expanded product range as well as boost its operations in Bulgaria, where the company has a subsidiary.
The SAA team was led out of the Bucharest office by Managing Partner Silviu Stratulat and Partner Cristina Man (Corporate/M&A) with support of Partner Andrei Albulescu (Employment), Ana Kusak (Competition), Managing Associate Anca Ulea (Employment), and Associates Amanda Csaki, Diana Vasile and Cezara Mitea in the Corporate/M&A group, as well as Alexandru Lazar (Competition).
For any other information on this, please feel free to contact Delia Bijnea (Head of Marketing and Communications) at DBijnea[at]saa.ro.