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Informatics

E-commerce firm Elemica is acquired by Eurazeo

by Rick Mullin
August 11, 2019 | APPEARED IN VOLUME 97, ISSUE 32

 

Elemica, a pioneer in e-commerce in the chemical industry, has been acquired by Eurazeo, a Paris-based investment firm. “This major new investment from Eurazeo will support our strategy of continuing to expand our reach into adjacent market segments,” Elemica president Rich Katz says. E-commerce has been experiencing a second flourishing in the chemical sector after a shaky start during the dot-com bubble of the early 2000s. Lanxess recently established an e-commerce venture called CheMondis, and Knowde is among several start-ups in the field.

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