April 21 2017, David R Brown
2M Holdings Ltd expands presence in Germany by acquiring dry ice producer CE-O2 Trockeneis GmbH
UK-headquartered 2M Holdings Ltd has announced it has acquired CE-O2 Trockeneis GmbH (CE-02), a privately held, long standing producer and supplier of dry ice to customers in the food, catering and life science industries.
When we acquire a business our objective is to buy a good business and help it to grow and become excellentMottie Kessler
2M Chairman & CEO
CE-O2 Trockeneis GmbH was established in Düsseldorf, Germany in 1999 and produces and distributes dry ice slices, nuggets and pellets. The company owns and operates dry ice production units as well as a dedicated fleet of special insulated boxes and transportation vehicles. Dry-ice is used in a variety of industries and applications, including biological research, medical procedures, food processing, specialist cleaning, rubber processing and pharmaceutical manufacturing. Located close to Düsseldorf International Airport CE-02 provides rapid response and high levels of service to meet customers’ requirements.
“When we acquire a business our objective is to buy a good business and help it to grow and become excellent. An added benefit is when we can use it as a stepping stone to add product lines which support our suppliers and new customers” said Mottie Kessler, 2M Chairman & CEO.
“Having established CE-O2 in 1999 and growing the business, we decided it would be best to find it a new owner who would support its further growth, while maintaining workforce and reputation. We feel that 2M is the ideal new home for the business we established and for its employees” added Mr Wagener, key shareholder and Managing Director of CE-O2.
Mr Reiner Niethammer, who has many years experience in the industrial gases industry, will become Managing Director and the former shareholders will continue to support CE-O2's growth under 2M's new ownership.
About 2M Holdings Limited
2M Holdings Ltd is a portfolio of branded chemical distribution and related chemical services companies icluding samples management, storage and blending. The group is privately owned and was founded in 2004 by Mottie Kessler MBE, the present Chairman and CEO. Headquartered in the UK with local presence in China, Benelux, Ireland, Poland, Scandinavia, Brazil, 2M exports to over 90 countries worldwide.
Source(s): 2M Holdings Press Release