The deal, for an undisclosed sum, marks a significant milestone in the company’s 40-year history.

Founded in 1984 by Richard Simcox, Roemex has built a strong reputation for delivering high-quality chemical solutions to clients worldwide. With headquarters in Aberdeen’s Badentoy Industrial Estate in Portlethen and satellite offices in the UAE and the Netherlands, the company has played a vital role in supporting the energy industry with its advanced chemical technologies and exceptional customer service.

The organisation has experienced substantial growth in recent years, with its workforce expanding from 25 to 40 employees across Aberdeen, the UAE, and the Netherlands. During this period, annual turnover has surged by 133%, rising from £6 million to £14m.

Under the terms of the MBO, long-serving Roemex executives – George Dickson, previously operations director, now CEO; Peter Wilkie, previously general manager, now managing director; and, Alex Buchan, regional business manager, now director of drilling and completions – will take the helm, ensuring a seamless transition. With their extensive experience and deep understanding of the company’s operations, they are well-positioned to drive Roemex forward while maintaining the trusted relationships and high standards that clients have come to expect.

Richard Simcox, outgoing founder and managing director of Roemex, said: “Building this business over 40 years has been the privilege of a lifetime, and I’m really proud of what we’ve achieved.

“Handing it over to the team who have helped shape its success ensures continuity, stability, and a bright future. I have every confidence that under their leadership, the company will continue to thrive and wish them nothing but success as they take the company forward.”

George Dickson, CEO of Roemex, said: “In my role as CEO of Roemex, I acknowledge that taking ownership of our long-dedicated business is a significant milestone.

“The Management Buyout (MBO) allows us to strengthen our foundation while fostering innovation and growth for our team and customers.

“As Richard prepares to retire, I reflect on our emotional journey together since 1991, filled with challenges and triumphs. My respect and gratitude for Richard’s unwavering support and leadership are immense, and I cherish the partnership we’ve built over the years.”