NEOCHIMIKI L.V. LAVRENTIADIS S.A., announces that its subsidiary SPENTIMET SA has acquired 100% of SYNTRA SA, which operates in the sector of solvents, ethyl alcohol and other alcohols, in exchange for 5.3 million euros.
Through acquisition of SYNTRA SA, THE GROUP OF NEOCHIMIKI gains ownership of the privately owned storage and chemical products distribution facilities, as well as acess to the docking bay for cargo ships in Elefsina. In addition, through the establishment of economies of scale, a further reduction in the operating cost and an increase in profit margin is guaranteed.