The Ravago Group reaches agreement with Grupo Indukern to acquire its chemical distribution division 'Indukern'
The Ravago Group has reached an agreement with the Indukern Group for the sale of Indukern. Indukern is a family owned company dedicated to the commercialization of value-added chemical products and solutions, with a clear focus on the Food, Flavors & Fragrances, Pharma and Animal Nutrition application areas. The deal will be finalized in the coming months, pending the approval of the relevant competition authorities.
Indukern will fundamentally strengthen ‘Ravago Chemicals’ specialty chemicals offering. The acquisition allows both companies to grow its presence in the market since both businesses are fully complementary on product lines and geographies served. With Indukern joining the Ravago Chemicals family it confirms our strategic direction to become a strong player in the specialty chemical sector. Ravago Chemicals is already active in markets such as CASE, PU & Polymers, Water, Life Science, Care and Base Chemicals, among others.
With this agreement, all Indukern’s chemical business and teams in Europe (HQ Spain, France, Switzerland, Portugal), Latin America (Brazil, Colombia, Mexico) and China, will transfer to the Ravago Group. Indukern's team currently holds more than 500 colleagues, of which 170 are located in Spain.
Daniel Díaz-Varela, Managing Director at Indukern, will continue to lead Indukern with full support of Ravago Chemicals management and the existing Indukern management team.
Both companies share the same principal values, which are rooted in a family company: human focus, professionalism, entrepreneurship, and being humble. These synergies in culture, combined with Ravago’s commitment to invest in the business and people of Indukern, will ensure future growth & success.