Eight Advisory supported Jodima Group in its acquisition of Kemetyl Group

Jodima Group, founded in 2022 by Axel Van Ranst and Marcel Cornelis, has quickly developed into a leading manufacturer of automotive fluids and cleaning agents in Europe. The company, based in Kampenhout, Belgium, has used its 45 years of industry experience to pursue an ambitious European buy & build strategy, supported by PE Capital Group as the main shareholder. Jodima’s growth trajectory has been characterised by strategic acquisitions, including the Spanish market leader IADA in July 2023. 

Kemetyl Group, an international company specialising in the manufacture and distribution of chemicals and liquids, has established a strong presence in several European countries and India. The company’s diverse product portfolio, which includes windscreen washer fluids, coolants and detergents, serves the automotive, retail and industrial sectors. Kemetyl’s global presence and focus on quality and innovation have made the company a trusted partner for both major brands and smaller companies in the industry. 

The acquisition of Kemetyl Group by Jodima Group, announced on 3 December 2024, is an important milestone in the European chemical industry. This strategic move creates Europe’s largest manufacturer of functional fluids for the automotive sector, with the combined company trading under the name Kemetyl. The new group has an impressive consolidated annual turnover of 170 million euros, a production volume of 150 million litres of fluids and employs 255 people. With four strategically located production sites in Northern and Southern Europe, the acquisition strengthens the Group’s market position and sets the stage for future expansion into the Middle East and Asia. 

Eight Advisory team members supporting this transaction:  

• Financial buy-side due diligence: Edouard Decamp (Partner), Andrea Chiavelli (Manager), Caroline Pham (Senior), Robbe Collage (Analyst)