July 14 2020, David R Brown
Albis separates its distribution and compounding businesses
ALBIS has completed the separation of its distribution and compounding business as part of its strategy and growth program announced in 2019. The distribution and compounding business are now operating as two separate companies as part of the new Otto Krahn Group Holding.
The new structure is good for our customers, good for our distribution partners and good for us as a groupPhilip O. Krahn
CEO of the Otto Krahn Group
The distribution business will operate under the globally established ALBIS brand and the separated compounding business will be established under the MOCOM brand. The Otto Krahn Group also includes the KRAHN Chemie Group and WIPAG, the plastics recycler. The Otto Krahn Group will be the holding company for these four businesses, defining the group-wide strategic guidelines and providing shared services.
“The new structure is good for our customers, good for our distribution partners and good for us as a group,” says Philip O. Krahn, who is taking over the role of CEO of the Otto Krahn Group with immediate effect. “We have reorganised historically grown structures and are benefiting from clearer responsibilities for results and costs, shorter decision-making paths and further increased professionalism and efficiency across all divisions.”
Horst Klink, former Vice President Distribution at ALBIS, will take over the management of the new Business Distribution and Ian Mills, former Chief Sales Officer of the ALBIS Group, will head the compounding business. Behind the companies continues to be the financially strong and family-run Otto Krahn Group, with which the more than 13,000 customers and partners in the plastics industry maintain business relationships, some of which have been growing for decades.
In 2019, prior to the separation, the revenue of the combined business was in excess of EUR 1 billion.
Albis is a leading company in the distribution of technical thermoplastics and thermoplastic elastomers. With technical know-how, a strong distribution network and a passion for the best solution, Albis offers its customers as an independent distributor one of the market-leading and most comprehensive product portfolios for the entire plastics processing industry. With 24 locations worldwide and 450 employees, the Hamburg-based company is strongly represented in Europe with a growing presence in North Africa, the Asia Pacific and the Americas.
Mocom is a leading compounder of thermoplastic polymers and offers the plastics processing industry a comprehensive range of high-performance plastics and technical compound solutions. As a former division of ALBIS PLASTIC GmbH and part of the Otto Krahn Group, Mocom builds on 50 years of experience. More than 700 employees produce and develop high-performance, competitive material solutions at three German locations as well as in Duncan, South Carolina (USA) and Changshu (China). All sites are certified to IATF 16949.
Source(s): Albis Press Release