Omnicap advised WVT Industries NV with the acquisition of Star Marine Chemicals BV from Maassluis, the Netherlands
WVT Industries from Aartselaar strengthens its international position thanks to a strategic acquisition of Star Marine Chemicals BV. Star Marine is the worldwide reference in marine cleaning chemicals and has a distribution network that encompasses all major world ports in the various continents. Thanks to this acquisition, WVT Industries now has an even smoother access to the world ports and international market, which creates new opportunities.
Star Marine can count on 35 years of expertise in marine cleaning chemicals, water treatment, tank cleaners and other products for the marine industry. This international player has an extensive network of ports in more than 20 countries, including all major ports in Europe and the USA, the port of Durban in South Africa, the world ports in Asia such as Singapore, Hong Kong, India, Korea, China and also the connecting ports of Suez and Panama.
The acquisition of Star Marine by WVT Industries ensures that the customers of both companies will have extensive expertise and knowledge. The products of Star Marine are on the one hand a nice addition to the current range of WVT Industries and there is mutual interaction in terms of expertise and know-how in different sectors.
WVT Industries will now further expand and support the Star Marine brand in its international ambitions.
Omnicap acted as financial and legal adviser to WVT Industries with its first international acquisition.
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