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M. Holland Company, a leading international distributor of thermoplastic resins and ancillary materials, announced that it has reached an agreement to partner with Grupo Ravago, a leader in polymer distribution and recycling. As a result, Grupo Ravago will acquire a majority stake in M. Holland.
This transaction will allow M. Holland to accelerate its growth strategy, providing the company with greater scale and resources as the plastics industry continues to rapidly evolve. The founding Holland family will retain a significant stake in M. Holland, although other financial terms of the transaction were not disclosed. Following the closing of the transaction, M. Holland will continue to operate independently as a subsidiary of the Ravago Group family of companies. M. Holland's existing management team, including CEO Ed Holland and President and COO Marc Fern, will continue to lead the company.
“This transaction is a significant turning point for M. Holland, as it sets the company on a clear path to continued and long-term success,” said Ed Holland, M. Holland CEO and Chairman of the Board. “After a thorough review of strategic paths, we determined that the best way to serve our shareholders and set M. Holland up for success over the next 70 years was to partner with an organization that shares our passion for employees, customers and providers. Grupo Ravago is that partner. This is a unique opportunity for two strong family organizations to come together to ensure our customers get what they need, when they need it for years to come."
Grupo Ravago is a global plastics production and distribution company, specializing in the distribution of polymers and chemicals, construction materials, recycling and raw materials. The Ravago Group operates through three main activities, managing distribution, reselling and manufacturing, which is supported by its excellent business services and supply chain solutions. Grupo Ravago has operations in more than 325 locations in North America, Asia, Africa and Europe, with its US headquarters located in Orlando, Florida.
"M. Holland is a widely known and respected brand in the plastics industry, and we are delighted to welcome Ed and his entire team to the Ravago Group family of companies,” said Jim Duffy, Ravago Holdings Chairman and CEO. America. "We are confident that we will be able to provide M. Holland with the necessary resources and capital to scale the business and sustain its growth, while maintaining the integrity of its culture and brand."
“This combination is an exciting time for M. Holland,” said Marc Fern, president and chief operating officer. "Partnering with Grupo Ravago, a global company that shares our values, is the best possible option for M. Holland to maintain its strength as a brand and, at the same time, position us for the next phase of growth."
The proposed transaction is subject to customary closing conditions, including receipt of all applicable regulatory approvals. Lazard the financial consulting firm served as exclusive financial advisor to M. Holland.
ABOUT M HOLLAND
M. Holland is a global distributor of thermoplastic resins that provides suppliers with the most strategic channels to market, offers customers innovative sourcing and supply chain solutions, delivers materials that foster sustainable innovation, and helps people build careers. satisfactory. Since 1950, a deep commitment to personal relationships and innovation has formed the core of the company's heritage, culture and vision. Headquartered in Northbrook, Illinois, M. Holland partners with more than 4,000 clients annually, serving more than 70 countries in North America, Latin America, Europe, the Middle East, Africa and Asia. M. Holland has offices located in the US, Mexico, Puerto Rico, and the Netherlands.
ABOUT RAVAGO GROUP
Luxembourg-based Ravago Group provides superior distribution, resale, compounding and recycling services for our customers, implementing advanced technological solutions to turn plastic raw materials into products that enhance the sustainable quality of our lives. Grupo Ravago serves more than 50,000 active customers through more than 325 locations in more than 55 countries around the world. Grupo Ravago's production capacity consists of more than 45 manufacturing plants, including 19 recycling and compounding plants in North America, Europe, Asia and Africa with a combined annual capacity of more than 775, 000 metric tons; 13 production plants in Europe that are offering finished product solutions for the construction sector and 7 plants and 6 application laboratories for our chemical business. All this would not have been possible without the contribution of its 8,000 employees.
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
