February 23 2018, David R Brown
2M Group continues its growth in Europe with the acquisition of specialty chemicals distributor, FrankenChemie
2M Holdings Ltd has announced, following its recent acquisition of Dusseldorf-based CE-O2 GmBH, it has now also acquired Franken-Kosmetik-Chemiehandel GmbH & Co. KG (FrankenChemie), a privately owned, distributor of specialty chemicals, based in Nuremberg, Germany.
2M is seeking opportunities to expand its footprint into mainland EuropeMottie Kessler MBE
Chairman & CEO of 2M
Mottie Kessler MBE, Chairman & CEO of 2M said: “2M is seeking opportunities to expand its footprint into mainland Europe. The acquisition of FrankenChemie represents such an event. 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.”
FrankenChemie was established in 1983 and distributes specialty chemicals, primarily into the Personal Care, Home Care and Food Ingredients sectors, in Germany, Croatia, Macedonia, Slovenia and Benelux. FrankenChemie's market and products focus is highly aligned with Surfachem ltd, one of the 2M Group's largest companies which is active in the UK, Scandinavia, Poland and Brazil. In addition, one of FrankenChemie's major suppliers, Evonik Industries AG is also one of Surfachem UK key suppliers.
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.”
About 2M Holdings
2M Holdings Ltd is a portfolio of chemical distribution and related chemical services companies involved with sampling management, storage and blending. Group companies include: Banner Chemicals, Surfachem, MP Storage & Blending, Packed Chlorine, SampleRite UK, SampleRite China, CE-O2 and Stowlin Croftshaw. The group is privately owned and was founded in 2004 by Mottie Kessler MBE, the present Chairman and CEO. Headquartered in the UK, the 2M Group has a local presence in Germany, China, Benelux, Ireland, Poland, Scandinavia, Brazil and exports to over 90 countries worldwide.
Source(s): 2M Holdings Press Release