Algol Chemicals
Algol Chemicals is the chemical distribution arm of Finnish family-owned Algol Group, distributing globally sourced, REACH-registered raw materials to 3,000+ industrial customers across Nordic and Baltic countries, Ukraine, Belarus and India. It offers specialty additives, polymers, renewable materials and value-added services across 20+ industries.
- Company typePrivate
- Founded1894
- HeadquartersEspoo, Finland
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Algol Chemicals does
Algol Chemicals Oy is the chemical distribution arm of the Finnish family-owned Algol Group, founded in 1894 and headquartered in Espoo, Finland. The company distributes globally sourced, REACH-registered chemical raw materials across 20+ end-use industries — including plastics, coatings, food, pharmaceuticals, cosmetics, agriculture, water treatment, mining, road construction, and metal treatment — to more than 3,000 industrial customers throughout the Nordic and Baltic countries, Ukraine, Belarus and India through regionally organized business units (Finland, Scandinavia, Eastern Europe, India) and local warehouses.
The product portfolio spans specialty additives (antioxidants, UV stabilizers, plasticizers, flame retardants, pigments, fillers), functional silicas and PEEK polymers (Evonik), biocides and personal-care ingredients (THOR UK), renewable carbon-black substitutes (UPM BioMotion RFF), ISCC PLUS certified renewable ammonia, fire retardants (Palonot), sweeteners (HYET Sweet) and flavors (Takasago). Value-added services include ammonia recycling and training, tank storage (notably at the Turku port site), bulk breaking, toll manufacturing, sourcing, warehousing and logistics — with warehousing outsourced to Transval from 2022. The company owns the Neutra horse-stable bedding additive proprietary product and operates production/commercial facilities in Espoo, Turku and Kvarntorp, plus offices and warehouses in Delhi and Mumbai via the 2016-acquired subsidiary Dynamic Orbits.
Algol Chemicals monetizes through B2B industrial chemical distribution on quote-based, contract-style pricing, generating revenue primarily from physical product reselling plus professional-services revenue from toll manufacturing, tank storage and recycling. Sales are executed via direct enterprise field sales organized by country business units, supported by channel partnerships with global principals (Evonik, UPM, THOR UK, HYET Sweet, Takasago, Kluthe, The Compound Company, Struktol, Anhui Sunshow). The Algol Group reported EUR 233 million in 2022 net sales (29% growth year-over-year), EUR 11.7 million operating profit, and approximately 500 professionals across ten countries. Recent M&A includes the November 2025 acquisition of Buratec Oy (plastic colourants, compounds and additives in Finland and the Baltics).
Algol Chemicals firmographics
Firmographics- Name
- Algol Chemicals
- Legal name
- Algol Chemicals Oy
- Website
- https://algolchemicals.com
- Company type
- Private
- Founded year
- 1894
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Algol Chemicals is the chemical distribution arm of Finnish family-owned Algol Group, distributing globally sourced, REACH-registered raw materials to 3,000+ industrial customers across Nordic and Baltic countries, Ukraine, Belarus and India. It offers specialty additives, polymers, renewable materials and value-added services across 20+ industries.
- Ownership category
- akta.pro rank
Algol Chemicals industry classification
Industry- Product category
- Industrial Chemical Distribution
- NAICS
- Chemical and Allied Products Merchant Wholesalers (4246)
- SIC
- Wholesale-Chemicals & Allied Products (5160)
- akta.pro primary industry
- Chemicals & Petrochemicals (Non-Hazmat Specialized Handling) (TLAIALAJ)
Keywords
Where Algol Chemicals is headquartered
LocationHeadquarters
- HQ city
- Espoo
- HQ country
- Finland
- HQ region
- Europe
Offices4 records
Markets served
Algol Chemicals business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Chemical Raw Materials Distribution: Distribution of chemical raw materials to industrial customers across Nordic and Baltic countries, Ukraine and India. Products include specialty chemicals, polymers, additives, and industrial chemicals delivered from local warehouses.
- Value-Added Services: Services including tank storage, bulk breaking, toll production, ammonia recycling service and training, sourcing services, warehousing and logistics.
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Algol Chemicals product offering
Product offeringCore offering
Algol Chemicals distributes globally sourced, REACH-registered chemical raw materials and related services to industrial customers across Nordic and Baltic countries, Ukraine and India. The company delivers door-to-door from local warehouses and provides value-added services including tank storage, bulk breaking, toll production, ammonia recycling, sourcing, and warehousing/logistics.
Product overview
Algol Chemicals is a chemical raw material distributor operating in Nordic and Baltic countries, Ukraine and India, serving over 3000 industrial companies. The company offers thousands of globally sourced, REACH-compliant chemical products delivered from local warehouses. Product portfolio includes plastic additives (antioxidants, UV stabilisers, processing aids, flame retardants), specialty chemicals (Acticide® biocides, Microcare® personal care ingredients), functional silicas (Evonik Aerosil®, Sipernat®, Acematt®), technical polymers (VESTAKEEP® PEEK), renewable materials (UPM BioMotion™ RFF, ISCC PLUS certified ammonia), fire retardants (Palonot), food ingredients (HYET Sweet sweeteners, Takasago flavours), and the Neutra bedding additive. Services include ammonia recycling, bulk breaking, sourcing, tank storage, toll production, and warehousing/logistics. The company operates production facilities in Turku and Kvarntorp, with acquired subsidiaries including Dynamic Orbits (India, 2016) and Buratec (Finland, 2025).
Differentiator
Problem solved
Functional benefit
Products and services
- Chemical Raw Materials Distribution
- Plastic Industry Products
- Acticide Biocides
- Microcare Personal Care Ingredients
- Evonik Functional Silicas
- VESTAKEEP PEEK Polymers
- UPM BioMotion Renewable Functional Fillers
- ISCC PLUS Certified Renewable and Bio-circular Ammonia
- Neutra Bedding Additive
- HYET Sweet Sweeteners
- Takasago Flavours
- Palonot Fire Retardant Products
- Ammonia Recycling Service and Training
- Bulk Breaking Services
- Sourcing Services
- Tank Storage Services
- Toll Production Services
- Warehousing and Logistics
Quantifiable outcome
- Carbon footprint reduction of 70-100% with ISCC PLUS certified renewable ammonia
- +2 more outcomes
Companies that use Algol Chemicals
Customer profileNamed customers1 record
Segments20 records
Ideal customer profiles2 records
Algol Chemicals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Algol Chemicals partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- THOR UKcoreAlgol Chemicals takes over distribution of THOR UK's Acticide biocides, disinfection products, and Microcare personal care ingredients in Finland and the Baltics. Transfer from Stromberg-Baltica on 1 May 2026 and from S.O. Strömberg on 1 June 2026.
- StruktolminorAlgol Chemicals India appointed as distributor for Struktol Antifoams.
- Buratec OycoreAcquisition of business operations agreed on 3 October 2025 and completed on 17 November 2025. Strengthens position in plastic colourants, additives, compounds and raw materials in Finland and Baltic region.
- Anhui Sunshow Chemical Co., LtdminorNew partner for Polymer Additives segment.
- UPM BiochemicalscoreDistribution agreement for UPM Biochemicals' Renewable Functional Fillers (UPM BioMotion RFF) in Finland, Scandinavia and the Baltics. Products launched in 2024 for use in plastics and rubber applications as sustainable alternative to fossil-based carbon black.
- Chemische Werke Kluthe GmbHminorDistribution partnership for surface treatment specialist covering Sweden, Norway and Denmark. Products for metalworking, cleaning, forming, protection and paint shop pretreatment.
- The Compound Company (TCC)minorDistribution of TCC's polyolefin based coupling agents and compatibilizers for polymer blending, PE/PA and PP/PA recyclates in Finland, Scandinavia, Baltic countries, Belarus and Ukraine.
- TransvalminorWarehousing of chemical products transferred to Transval from beginning of 2022. Transval is Finnish market leader in contract logistics with certified warehouses (ISO 9001, ISO 14001, ISO 45001).
- Palonot OyminorCooperation for environmentally friendly fire retardant products for wood, natural fibres and composite materials. Algol Chemicals is also an investor in Palonot.
- GasumminorCooperation agreement for utilization and retail sales of recycled nutrients from Gasum's Topinoja biogas plant in Turku. Partnership in Finnish Government's circular economy solution.
- HYET SweetminorExclusive distribution partnership for sweeteners covering Finland, Scandinavia, the Baltics, Ukraine and Belarus. Products include Aspartame, Acesulfame-K, Sucralose and Polydextrose.
- TakasagominorExclusive distribution partnership for flavors covering Finland, Scandinavia and the Baltics. Takasago is a leading flavor company founded in 1920.
- Dynamic Orbits Advisory Private LimitedcoreAcquisition completed January 2016. Dynamic Orbits is a specialty chemicals distributor based in Delhi, India focusing on Polymers, Coatings and Life Sciences segments with offices in Delhi and Mumbai. Now wholly-owned subsidiary.
- Evonik Operations GmbHcoreOver 100 years of partnership (since 1925). Algol Chemicals distributes Evonik products including Aerosil silicas, Aeroxide, Aerodisp, Sipernat, Acematt, VESTAKEEP PEEK polymers, and coating additives. Evonik appointed Algol as distributor for silica's in Nordic countries (Norway, Denmark, Iceland from March 2017).
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Algol Chemicals competitors and assessment
Company assessmentBroad incumbents
- Brenntag: World's largest chemical distributor with global footprint across industrial and specialty chemicals. Directly comparable to Algol Chemicals as a chemical distribution competitor in the Nordic and Baltic regions, though operating at vastly greater scale.
- Univar Solutions: Major North American and European chemical distributor offering a broad range of industrial and specialty chemicals. Comparable to Algol Chemicals as a broad-line chemical distributor serving industrial customers, though with different geographic focus.
Direct peers
- IMCD: Leading global specialty chemical distributor focused on formulation and application support. Highly comparable to Algol Chemicals in serving industrial customers with specialty additives, coatings, and polymer products, and notably hired one of Algol's segment managers.
- Azelis: Global specialty chemicals and food ingredients distributor with strong European presence. Comparable to Algol Chemicals in distributing specialty additives, personal care ingredients, and food ingredients to industrial customers across Europe.
- Barentz: European specialty chemical and food ingredient distributor with operations across multiple industries. Comparable to Algol Chemicals in distributing specialty chemicals and ingredients to industrial customers, with overlap in personal care, food, and industrial segments.
- Caldic: Specialty chemicals and ingredients distributor operating across Europe, North America, and Asia Pacific. Comparable to Algol Chemicals in serving life sciences, personal care, food, and industrial customers with value-added specialty distribution.
- Biesterfeld: European specialty chemical distributor with strong presence in Germany and neighboring markets. Comparable to Algol Chemicals in distributing industrial chemicals, specialty additives, and polymers to industrial customers across Northern Europe.
- Nordmann, Rassmann: European chemical distribution company headquartered in Germany with broad Nordic and European footprint. Comparable to Algol Chemicals in distributing specialty chemicals, additives, and raw materials to industrial customers across multiple industries.
Regional players
- Ter Group: Pan-European chemical distributor with focus on Central and Eastern Europe, including the Baltic states. Comparable to Algol Chemicals in distributing specialty and industrial chemicals to the Baltic and Eastern European markets.
- Haelan: Nordic specialty chemical and ingredient distributor serving the Nordic region. Most directly comparable to Algol Chemicals by geography, competing for the same Nordic industrial customer base across similar product categories.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Algol Chemicals social profiles
Digital presenceAlgol Chemicals compliance and trust
Trust signalCompliance9 records
Algol Chemicals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Algol Chemicals leadership team
Management profileNumber of profiles
Profiles15 records
Algol Chemicals subsidiaries and ownership
Company hierarchySubsidiaries2 records
Algol Chemicals funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Algol Chemicals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Algol Chemicals
What does Algol Chemicals do?
Algol Chemicals distributes globally sourced, REACH-registered chemical raw materials and related services to industrial customers across Nordic and Baltic countries, Ukraine and India. The company delivers door-to-door from local warehouses and provides value-added services including tank storage, bulk breaking, toll production, ammonia recycling, sourcing, and warehousing/logistics.
Is Algol Chemicals a public or private company?
Algol Chemicals is a private company. It is classified as family owned and is currently operating.
When was Algol Chemicals founded?
Algol Chemicals was founded in 1894. It employs 101 to 250 people.
Where is Algol Chemicals based?
Algol Chemicals is headquartered in Espoo, Finland, in the Europe region.
How does Algol Chemicals make money?
Two revenue lines are on record. Chemical Raw Materials Distribution is the primary driver. The others are value-Added Services.
Who are Algol Chemicals's main competitors?
Broad incumbents on record are Brenntag and Univar Solutions. Direct peers are IMCD, Azelis, Barentz, Caldic, Biesterfeld and Nordmann, Rassmann. Regional players are Ter Group and Haelan.
Does Algol Chemicals have an API?
No public API is recorded for Algol Chemicals.
What industry is Algol Chemicals in?
Algol Chemicals's product category is Industrial Chemical Distribution. Its primary akta.pro industry code is TLAIALAJ, Chemicals & Petrochemicals (Non-Hazmat Specialized Handling). Its NAICS code is 4246 and its SIC code is 5160.