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People & Business :: M&A

Distributor Neochimiki spins off activities in five European countries

11:29 AM MDT | October 15, 2012 | Ian Young

A group of international businessmen led by Theofanis Gerodimos has acquired the activities of chemical distributor Neochimiki (Athens) in Bulgaria, Croatia, Romania, Serbia, and Ukraine. The acquired distribution operations have been combined under a new entity, Interallis Chemicals (Sofia, Bulgaria). The new company, headed by former Neochimiki executive Nikos Kazantzis, has estimated sales of about €50 million ($65 million)/year. Private equity firm The Carlyle Group (Washington) acquired Neochimiki for more than €700 million in 2008, even though...

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