Deal gives M. Holland a presence in the Pacific Northwest

By Frank Esposito
Senior Staff Reporter

By Jessica Holbrook

Published: December 19, 2012 6:00 am ET

Related to this story

Topics Materials Mergers & Acquisitions Suppliers
Companies & Associations

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

By Jessica Holbrook

Published: December 19, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second...    More

Image

PolyOne's Patterson focused on keeping the momentum going

March 27, 2015 9:30 am ET

New PolyOne CEO Robert Patterson sees a lot of good things when he looks at his company, which ranks as North America's largest compounder and...    More

Image

Improvements to Radici's nylon line takes it into more applications

March 27, 2015 9:00 am ET

Radici Group, the Italian-headquartered materials firm, outlined the benefits of its Radilon and Radistrong nylon products at NPE 2015.    More

Sun Plastech, Plastics Color Corp. note major milestones at NPE

March 27, 2015 9:00 am ET

Sun Plastech Inc. and Plastics Color Corp. — two well-known materials firms — are marking anniversaries at NPE 2015.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events