02.26.18
2M Holdings Ltd ("2M") has acquired Franken-Kosmetik-Chemiehandel GmbH & Co. KG ("FrankenChemie"), a privately held, distributor of specialty chemicals, based in Nuremberg, Germany. A purchase price was not disclosed. This acquisition followes 2M's recent acquisition of Dusseldorf-based company CE-O2 GmBH. 2M Holdings Limited includes Banner Chemicals, Surfachem, MP Storage & Blending, Packed Chlorine, SampleRite UK, SampleRite China, CE-O2 and Stowlin Croftshaw.
"2M is seeking opportunities to expand its footprint into mainland Europe. The acquisition of FrankenChemie represents such an event," explained Chairman & CEO Mottie Kessler, 2M. "FrankenChemie's dedicated and experienced team, the ability to support customers with an application laboratory and just in time deliveries in the right pack size are FrankenChemie's strengths. 2M will now build on these strengths and invest to provide customers and suppliers an even better offering. We are therefore very excited about this acquisition."
The market sector focus and product range of FrankenChemie is highly aligned with that of Surfachem ltd, one of 2M's largest companies which is already present in the UK, Scandinavia, Poland and Brazil. In fact, the major supplier to FrankenChemie, Evonik Industries AG, is also one of Surfachem UK key suppliers. Surfachem's ability to provide technical support and formulation advice to producers of personal care and hygiene products is one of its strengths.
Joerg Prante, key account manager & manager sales Central Europe, Sub-Saharan Africa, Evonik said: "Having a long history with 2M and Surfachem, we are delighted to see the 2M and FrankenChemie come together."
With its prime location in Nuremberg and its excellent reputation, FrankenChemie is a perfect fit to support 2M's continued growth in Europe. The company distributes specialty chemicals, primarily into the personal care, home care and food ingredients sectors, in Germany and other EU counties.
"2M is seeking opportunities to expand its footprint into mainland Europe. The acquisition of FrankenChemie represents such an event," explained Chairman & CEO Mottie Kessler, 2M. "FrankenChemie's dedicated and experienced team, the ability to support customers with an application laboratory and just in time deliveries in the right pack size are FrankenChemie's strengths. 2M will now build on these strengths and invest to provide customers and suppliers an even better offering. We are therefore very excited about this acquisition."
The market sector focus and product range of FrankenChemie is highly aligned with that of Surfachem ltd, one of 2M's largest companies which is already present in the UK, Scandinavia, Poland and Brazil. In fact, the major supplier to FrankenChemie, Evonik Industries AG, is also one of Surfachem UK key suppliers. Surfachem's ability to provide technical support and formulation advice to producers of personal care and hygiene products is one of its strengths.
Joerg Prante, key account manager & manager sales Central Europe, Sub-Saharan Africa, Evonik said: "Having a long history with 2M and Surfachem, we are delighted to see the 2M and FrankenChemie come together."
With its prime location in Nuremberg and its excellent reputation, FrankenChemie is a perfect fit to support 2M's continued growth in Europe. The company distributes specialty chemicals, primarily into the personal care, home care and food ingredients sectors, in Germany and other EU counties.
