Deal gives M. Holland a presence in the Pacific Northwest

By Frank Esposito
Senior Staff Reporter

Published: December 19, 2012 6:00 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Suppliers

NORTHBROOK, ILL. (Updated Jan. 3, 3:05 p.m. ET) — M. Holland Co. has purchased Christler Chemical & Plastics Inc., a distributor of engineering and commodity thermoplastics resins based in Wilsonville, Ore.

The acquisition is the first for resin distributor M. Holland, which has been in business more than 60 years.

“The cultural fit is perfect,” Holland owner Ed Holland said in a phone interview. Christler “has an outstanding reputation for focusing on the customer and the supplier,” he added.

“It’s truly the reconfirmation to the industry, our suppliers, our customers and our employees, of our continuing commitment to the classic distribution model,” said Marc Fern, M Holland’s vice president of sales and marketing.

The acquisition gives Northbrook, Ill.-based M. Holland a presence in the Pacific Northwest and access to new customers, he said. Ed Holland said that his firm “had tried to penetrate” the Pacific Northwest, but in that region, Christler “was local and they were the best.”

Christler was founded in 1987 by distribution industry veteran Tony Christler. Prior to the Holland deal, Christler had been co-owned by Tony Christler and his wife, Monica.

“The decision to sell after 25 years was motivated by the opportunity to put these two companies together,” Monica Christler said in a phone interview. “We share core values, and this is a way for us to better serve our customers.”

Christler generates most of its sales from engineering resins such as polycarbonate. Major end markets served by Christler include aerospace, medical, industrial and defense. The firm’s sales have grown at double-digit rates in each of the last three years. Monica Christler said.

M. Holland put together a mergers and acquisitions team about two years ago to look for potential targets within and outside of the United States. Fern would not disclose details of the sale, which closed Dec. 31

The two firms had some mutual customers, but were not major direct competitors, officials said. Their main shared supplier was Bayer MaterialScience LLC.

M. Holland plans to retain key Christler personnel, in part because of the company’s reputation and name recognition in the Pacific Northwest, Fern said. M. Holland has not made any firm plans about Christler’s operations, he added. Christler uses public warehousing and doesn’t own its own facilities.

The purchase supports M. Holland’s ongoing growth plans. “The major growth strategy of the M. Holland Co. will be a combination of domestic growth through adding grass roots sales people and through looking for both domestic and international acquisitions,” Ed Holland said.


Comments

Deal gives M. Holland a presence in the Pacific Northwest

By Frank Esposito
Senior Staff Reporter

Published: December 19, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

PP prices rise 5 cents

August 28, 2014 3:59 pm ET

After a one-month break, volatility has returned to the North American polypropylene resin market, with prices increasing by an average of 5 cents...    More

Image

DuPont fined for 2010 chemicals release

August 28, 2014 1:37 pm ET

DuPont Co. has been fined almost $1.3 million for the release of several chemicals — including plastics feedstock phosgene — at its plant ...    More

Image

Concours adding equipment as mold making business booms in Mexico

August 28, 2014 2:05 pm ET

Concours Mold Inc. is heading for a 50 percent increase in sales in Mexico this year after a $4 million upgrade of its plant in Huejotzingo, in the...    More

Image

LyondellBasell to build feedstock plant on Gulf Coast

August 28, 2014 11:05 am ET

LyondellBasell Industries will build a world scale propylene oxide plant on the U.S. Gulf Coast with a capacity of 900,000 metric tons per year.    More

Image

Bayer seeing success in project to replace petroleum with C02

August 28, 2014 10:18 am ET

Bayer MaterialScience says its research into the potential of using carbon dioxide as a raw material already is paying off in studies showing that C02...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events