February 1 2018, David R Brown
The Krahn Chemie Group extends its European network with the acquisition of Memolex SAS, France
Hamburg, Germany-based Krahn Chemie has acquired Memolex SAS, a French distributor of plastic additives operating in France and Benelux. A new subsidiary has also been established, Krahn France SAS, thus formally extending the Krahn Chemie Group's European network to France. Besides Germany, the Group already has subsidiaries in the Czech Republic, Hungary, Italy, Netherlands, Poland and Romania. The new Krahn France team will be operating from the former Memolex site, which is located in Milly-la-Forêt close to Paris.
This strategically important acquisition gives us as Krahn Group now the opportunity to expand in the French marketAxel Sebbesse
Managing Director of the Krahn Chemie Group
“This strategically important acquisition gives us as Krahn Group now the opportunity to expand in the French market. Based on the successful business the Memolex team has established over the last years, we are proud of getting the chance to further developing these activities. I am very happy that we as Krahn Group can, from now on, also in the French market offer our partners the same Krahn service they already know from other countries”, says Axel Sebbesse, Managing Director of the Krahn Chemie group.
“The new affiliation with the Krahn Group provides us with a strong and solid basis for our future business development. I am delighted to be now part of a group which also strongly believes that a deep industry and market knowledge is the key to create value for both our customers and suppliers”, says Franck Louichon, who established the PVC Additives business at Memolex in 1992 and has now joined the management team of Krahn France.
Memolex, founded in 1986, focusses on the sales and distribution of plastic additives in the French market by representing renowned international suppliers. Like Krahn, Memolex pursues a strong technical sales approach and maintains close relationships to its French customers. The former Memolex team has been transferred to Krahn France so that a smooth continuation and the ongoing development of the business is ensured.
About Krahn Chemie
Krahn Chemie is a chemical distribution company with a history spanning over 100 years. Krahn's core competence is the sales, marketing and distribution of specialty chemicals. The Krahn group offers its more than 5,000 customers an extensive and high-quality product range, technical services as well as in-house laboratory support. Krahn works closely together with internationally operating chemical manufacturers. They benefit from the target-oriented and sustainable marketing of their products in Europe – based on Kah'’s deep knowledge of the local markets. Krahn supplies products to the following processing industries: paints and coatings, construction chemicals, adhesives and sealants, technical ceramics, plastics, rubber and lubricants. In 2016, the Krahn Chemie group achieved a turnover of approximately 220 million euros and currently employs a staff of 160. The company's headquarters are situated in Germany.
Source(s): Krahn Chemie Press Release