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

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a...    More

Image

High pressure RTM systems moving from Europe to Mexico

November 20, 2014 4:24 pm ET

Engel Holding GmbH's subsidiary in Mexico says it has sold the first high pressure resin transfer machine system (HP-RTM) in the Americas to a...    More

Image

Coveris changes culture, eyes IPO

November 20, 2014 1:40 pm ET

CEO Gary Masse has a simple message, and some new math, for everyone at Coveris Holdings Corp. Get on board or get out of the way.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Nissei ASB shows small, one-step injection stretch blow molding machine

November 19, 2014 8:49 am ET

Blow molding press builder Nissei ASB Machine Co. Ltd. showed its ASB-12M and ASB-70DPH machines at the IPF in Chiba, Japan, Oct. 28-Nov. 1.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events