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OQEMA Returns to Family Ownership - Concluding a Decade of Successful Partnership with Hannover Finanz

1 December 2024 – OQEMA, one of Europe’s leading chemical distributors, is proud to announce its return to full family ownership, concluding a highly successful decade-long partnership with Hannover Finanz. This transition marks a pivotal moment in OQEMA’s history, as the company returns to its roots under the stewardship of the founding Overlack family.

The partnership with Hannover Finanz began in 2014 when the private equity firm partnered with the Overlack family through Overlack Verwaltungs GmbH, supporting OQEMA’s ambitious growth strategy. The relationship started with a convertible bond investment, which transitioned to equity in 2019. Over the years, Hannover Finanz played a key role in OQEMA’s Supervisory Board, contributing both financial support and strategic guidance to help drive the company's growth.

“Hannover Finanz has been a true growth partner, enabling us to achieve extraordinary milestones,” said Hartmut Kunz, CFO OQEMA. “From significantly increasing turnover to facilitating over 40 acquisitions, their support has been invaluable. It’s been an incredible journey, and we are deeply grateful for their trust and collaboration.”

As part of a long-term plan, the partnership was always envisioned as a temporary measure to accelerate OQEMA’s development. After carefully exploring various future paths, the Overlack family made the strategic decision to return to full family ownership. “This choice allows us to maintain independence, stay agile in a dynamic market, and deepen our commitment to the values that have defined OQEMA for generations,” Peter Overlack, Chairman of the Supervisory Board at OQEMA, explained.

OQEMA now enters a new chapter, focused on building upon its legacy of trust, collaboration, and innovation. “We remain dedicated to fostering a strong organisational culture centred on delivering value to our customers, partners, and employees,” Overlack added.

The return to family ownership signals a new era for OQEMA, blending its long-standing traditions with the flexibility and independence needed to meet the evolving demands of the industry. As one of Europe’s top chemical distributors, OQEMA is poised for continued success and growth under its renewed leadership.

“While challenges like economic uncertainty or global crises may arise, they will not deter us. With focus, courage, and vision, we look forward to the next 100 years and the opportunities they hold. Together, we will continue to build a brighter future, honouring our tradition of humility, wisdom, and strong connections with our OQEMA team,” Overlack concluded.