OQEMA aquires Whyte Chemicals

The Directors of OQEMA AG and OQEMA Ltd are pleased to announce the acquisition of the
business and assets of Whyte Chemicals Ltd from Joint Administrators, Andrew Andronikou
and Paul Zalkin of Quantuma LLP.

This new arrangement will see the staff of Whyte Chemicals Ltd transfer to the new company,
OQEMA WHYTE (t/a Whyte Chemicals), and the continuation of business under the Whyte

Speaking earlier today, Robert Moss, managing Director of OQEMA Ltd, commented: “We are
delighted to welcome a strong force in the UK chemical distribution industry into the OQEMA
family. This deal will bring to an end the recent uncertainty regarding the future of Whyte

Mr Moss added: “Whyte Chemicals has been a driving force in the UK Chemical industry for 40
years and we are excited about the possibilities that lie ahead of us all. We believe the new
company will be able to capitalise on the solid business created by Melvyn Whyte”.

Mr Whyte will remain an advisor to the new company until the end of the year to help manage
the transition.

Mr Andronikou stated: “I am acutely aware that the last few months have been very testing for
the suppliers, customers and loyal staff of Whyte Chemicals Ltd. Without their forbearance and
understanding the job of rescuing this leading name in the chemical distribution industry
would not have been possible”.

His Joint Administrator, Mr Zalkin, added: “The job of rescuing the Whyte Chemicals Ltd
business has been one of unexpected difficulties and significant challenges. However, the
strength of the underlying business, the commitment of its staff and the resilience of its
management team has enabled Quantuma to deliver a fantastic result under the
circumstances. We wish all concerned the very best for a bright future”.