Panreac produces and sells a wide range of chemical products for use in laboratories and manufacturing processes. End users include the chemical, pharmaceutical, food, R&D, healthcare and environmental industries.

The company produces more than 3,000 chemical products sold in small bottles or containers for a total of 9,000 product references.

Panreac’s strategy for the next three years is to keep its leadership position in Spain – whilst maintaining the highest standards of service and focusing on analytical reagents – and achieve international penetration into the French, Italian and German markets.

The financial objectives are to achieve €5m of sales in each market and 50% of total revenues from international sales, compared with 33% currently.

The strategic plan also focuses on non-organic growth through the potential acquisition of reagents manufacturers or distributors in Europe.