February 16 2021, David R Brown
KRAHN Chemie strengthens its European presence by acquiring distrbutors in Sweden, Great Britain and Spain
The KRAHN Chemie Group, which is part of the globally operating Otto Krahn Group, has acquired majority stakes in six companies from Jollis AB & Partners. The deal extends KRAHN Chemie's footprint in Northern Europe as well as adding to their existing business in Spain.
This represents another important step for the KRAHN Chemie Group to sustainably secure its future and further strengthen its position as a pan-European distributorAxel Sebbesse
Chief Development Officer and Head of M&A of the Otto Krahn Group
“The acquisitions further expand our cooperation with existing top producers geographically but offer interesting new opportunities as well. For KRAHN, this is another milestone in developing new markets and applications and gaining additional and valuable knowledge,” says Dr. Rolf Kuropka, CEO of the KRAHN Chemie Group.
Four of the companies acquired are based in Gothenburg, Sweden. These are: AmphoChem AB, a leading Nordic distributor of industrial chemicals, additives and specialty chemicals; Pemco Additives AB, another leading Nordic distributor active in the fuels, lubricants and petrochemical industries; Temper Technology AB, a producer of sustainable and energy-efficient heat transfer fluids and antifreeze products; and BGM Logistics AB, a provider of logistics solutions for warehousing, third-party logistics and distribution in Sweden.
In order to bundle the new activities, KRAHN Nordics AB, has been established. Chatarina Schneider, co-owner of KRAHN Nordics AB and former Managing Director of the acquired entities, has been appointed Managing Director of the new company.
KRAHN Chemie also acquired Pemco-Trigueros Additives Spain S.L., a distributor of additives and base oils for use in fuels and industrial and automotive formulations and Petrico Ltd, a UK-based entity whose previous indirect majority owner was Pemco Additives. The latter has its headquarters in Sandbach, UK, and acts as a distributor of petroleum and chemical products specialized in the lubricants and additives industries.
Axel Sebbesse, Chief Development Officer and Head of M&A of the Otto Krahn Group, commented: “This transaction, like the acquisition of InterActive S.A. in Greece at the beginning of 2020, represents another important step for the KRAHN Chemie Group to sustainably secure its future and further strengthen its position as a pan-European distributor. KRAHN is the ideal platform for companies that want to benefit from the added value of an international well-established group but still retain a lot of responsibility locally.”
About KRAHN Chemie
KRAHN Chemie is a chemical distribution company with a history spanning over 100 years. Its core competences are the sales, marketing and distribution of specialty chemicals and 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. In 2019, the KRAHN Chemie Group reported a turnover of approximately EUR 225 million and currently employs a staff of 190. The company's headquarters are situated in Hamburg, Germany with subsidiaries in Benelux, France, Italy, Poland, Greece, Romania, the Czech Republic, Hungary, Spain and China.
Source(s): KRAHN Chemie Press Release