January 20 2020, David R Brown
KRAHN Chemie acquires Greek distributor InterActive
KRAHN Chemie GmbH has announced that it has acquired a majority stake in InterActive S.A., headquartered in Athens, Greece. The deal represents a strategic acquisition for KRAHN Chemie and expands the Group's footprint in Europe as well as in to the Israeli market.
We are very pleased about this acquisition which gives us access to regions, where we have not been active before and, in the case of Israel, will additionally strengthen the growth of the KRAHN Group outside EuropeDr. Rolf Kuropka
Managing Director of the KRAHN Chemie Group
InterActive S.A. was founded in 1990 and specializes in the distribution of lubricant additives in the Israeli, Greek and Cypriot market, as well as scientific instruments for R&D and QC laboratories in oil, pharma & chemical industries by representing renowned international manufacturers.
“We are very pleased about this acquisition which gives us access to regions, where we have not been active before and, in the case of Israel, will additionally strengthen the growth of the KRAHN Group outside Europe. InterActive is a technically driven, well-established distributor with a profound market knowledge and the same mindset as KRAHN and by that the ideal partner to broaden our existing businesses to new regions,” says Dr. Rolf Kuropka, Managing Director of the KRAHN Chemie Group and upcoming chairman of InterActive.
Yannis Protopapas, founder, co-owner and Managing Director of InterActive S.A., explains, “the new affiliation with the KRAHN Group provides us with a strong and solid base for our future business development. As a family owned company, KRAHN Chemie clearly matches with InterActive, especially with its firm commitment to securing the long-term development and growth opportunities in today’s rapidly consolidating markets.”
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 as well as heat transfer fluids. The Krahn group offers its more than 5,000 customers an extensive and high-quality product range, technical services and 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 Krahn’s deep knowledge of the local markets which include: coatings, construction, adhesives and sealants, plastics, rubber, technical ceramics, lubricants as well as all industrial sectors in which heating and cooling circuits are used.
In 2018, the Krahn Chemie group achieved a turnover of approximately EUR 250 million and currently employs a staff of 185. The company's headquarters are situated in Germany. Subsidiaries or local sales teams have been established in Benelux, France, Italy, Poland, Romania, the Czech Republic, Hungary, Spain and China.
Source(s): Krahn Chemie Press Release