LONDON (ICIS)--German chemical distributor OQEMA has acquired the business and assets of UK distributor Whyte Chemicals Ltd, OQEMA confirmed on Friday.
OQEMA, which bought the business from Whyte’s administrators, will continue to employ Whyte’s staff. Financial terms or the number of affected workers were not disclosed.
According to a UK local media report, Whyte’s takeover by QQEMA helped save more than 40 jobs, in particular at operations in South Yorkshire.
Whyte was forced into administration amid financial restructuring earlier this year, the report said.
London-based Whyte distributes solvents, surface effects and epoxies.
OQEMA, until recently was known as Overlack, ranks as “one of the top-five chemical distribution companies for commodities and specialities in Germany”, according to its website.
The company is based in Monchengladbach, near Dusseldorf, in northwest Germany.