About Pemco
Pemco is a family-owned Norwegian investment company focusing on small and medium-sized businesses with sustainable, environmentally-friendly and innovative profiles. The company’s investment portfolio currently comprises companies in a range of sectors: renewable energy, aquaculture, paper and packaging from recycled raw materials, medicinal and chemical household products, fintech and digitisation.
Pemco achieved turnover of more than NOK 2 billion in 2017, and is in a strong financial position. It has approximately 400 employees. The group, which is headquartered in the centre of Oslo, is led by CEO Håkon Knappskog.
Norwegian Oil Trading established
Norwegian Oil Trading launched by Bjørn Knappskog.Pemco Oil established
The fall of the Berlin Wall marks a decline in the company’s market prospects in East Germany. Pemco Oil is launched and enters the heating oil and paraffin distribution market in eastern Norway.Pemco Kuras established
Pemco Kuras is launched and starts manufacturing lubricant oils in Lithuania.Entry into chemicals distribution market
Pemco launches its chemicals distribution business.Acquisition of KB Kjemisk
Pemco enters the household chemicals sector through the purchase of KB Kjemisk, the owner of the Blåtind brand.Expansion of household chemicals business
Pemco makes a number of smaller acquisitions in the household chemicals sector. Chemicals businesses are launched in Lithuania and Latvia.Exit from petroleum industry
Paus & Paus AS and Neste Chemicals Distribution Business are acquired, while Pemco Kuras and the Pemco Oil business are sold, marking Pemco’s exit from the petroleum industry.Acquisition of Kemetyl and discontinuation of oil trading
Kemetyl AB and Haltermann Scandinavian Distribution Business are acquired, while the oil trading business is discontinued.Acquisition of Petrosol AB
Pemco acquires Petrosol AB.Acquisition of Carix and Lefab
Carix Holdings Ltd and Lefab AB are acquired.Acquisition of Procar and Arcus
Procar Group and Arcus Kjemi are acquired.Sell-down of stake in Kemetyl Group
Pemco sells 50% of its shares in the Kemetyl Group.Acquisition of stake in Arbaflame
Pemco buys 50% of the shares in Arbaflame AS.Acquisition of Statoil wood pellets business
Pemco buys Statoil’s wood pellets business in Sweden and Norway. Initially called Pemco Trepellets, but subsequently renamed Pemco Energi.Investment in DMedical
Pemco becomes the majority shareholder in DMedical AS. Stake in Arbaflame AS increased to 76%.Acquisition of L&B Medical AB
Pemco purchases L&B Medical AB. Pemco sells its remaining shareholdings in the Kemetyl Group and Zenteum Ltd.Acquisition of Peterson AS
Pemco acquires Peterson AS and subsequent restructures it into Peterson Packaging Group AS. Pemco also purchases a stake in Proton Ventures BVAcquisition of Medical Market AB
Acquisition of Medical Market ABDivestment of Peterson and investment in Nordic Aquafarms
Parts of Peterson Packaging Group AS are sold. Ranheim Paper & Board is established. Pemco acquires a stake in Nordic Aquafarms AS and reinvests in Kemetyl AB.Divestment of parts of Kemetyl AB
Kemetyl AB’s consumer business and industrial distribution operation are sold.Divestment of Pemco Energi
Pemco Energi is sold to Solør Bioenergi.