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

Major packaging merger includes plastics operations

January 26, 2015 12:24 pm ET

A merger of packaging companies MeadWestvaco Corp. and Rock-Tenn Inc. will create a new company with nearly $16 billion in annual sales.    More

Image

Material Insights: PP production issues, preparing for NPE

January 26, 2015 1:38 pm ET

Production problems in Texas add more complication for polypropylene, Entek has new equipment ready to show compounders at NPE and we take a look...    More

Image

J6 Polymers to buy Stepan unit

January 26, 2015 12:22 pm ET

NORTHFIELD, ILL. — Stepan Co. plans to sell its specialty polyurethanes systems business to J6 Polymers LLC in a cash deal.    More

Image

UK legislators debate fracking

January 26, 2015 12:19 pm ET

LONDON — An influential group of members of Parliament has called for a moratorium to be imposed on fracking for shale gas as politicians...    More

Image

Oxo-biodegradable lobby slams 'scaremongering'

January 26, 2015 12:16 pm ET

Single-use plastic carrier bags made from biodegradable material should be exempted from the government’s proposed 5p-a-bag levy in England, sup...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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 Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

More Events