Krahn Chemie acquires Italy's Pietro Carini

EUROPEAN PLASTICS NEWS

Published: April 15, 2014 11:20 am ET
Updated: April 15, 2014 11:21 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers, Europe

Germany’s Krahn Chemie GmbH has purchased a majority share in Italy-based speciality chemical company Pietro Carini SpA.

Hamburg-based Krahn Chemie, which in 2013 acquired Dutch chemical company ICH Benelux, continues its growth with the acquisition of Milan's Pietro Carini.

“The acquisition of Pietro Carini is a high strategic fit,” said Axel Sebbesse, managing director of Krahn Chemie. “Pietro Carini provides us with a strong regional footprint and with a solid basis for further growth in the highly attractive Italian market. The long-term relationships to strategic suppliers and the in-depth local industry expertise of the team of Pietro Carini will also strengthen our existing core business segments in Europe.”

Pietro Carini, which employs 27 people, supplies specialty chemicals to the plastics, rubber, adhesives, sealants, inks, and coatings industries.

Enrico Bozzi, managing director and co-shareholder of Pietro Carini said: “Krahn Chemie is a strong partner for Pietro Carini. We both have a very similar market approach by providing added value for our customers through technically driven sales and distribution, close and reliable co-operations and a clear long-term commitment to the market.”

Krahn Chemie reported a turnover of around 150 million euros ($207 million) in 2013 and currently has 140 employees.


Comments

Krahn Chemie acquires Italy's Pietro Carini

EUROPEAN PLASTICS NEWS

Published: April 15, 2014 11:20 am ET
Updated: April 15, 2014 11:21 am ET

Post Your Comments


Back to story


More stories

Image

New Hexcel plant will supply carbon fiber for Airbus A350 XWB

September 30, 2014 2:43 pm ET

Hexcel Corp. is investing $250 million on a new carbon fiber plant in France, with part of the production going into the future Airbus SAS A350 XWB.    More

Image

LyondellBasell CEO Gallogly to retire

September 30, 2014 3:00 pm ET

James Gallogly, CEO of Houston-based polyolefins producer LyondellBasell Industries NV, on Sept. 29 announced plans to retire in 2015.    More

Image

RJG buys UK training group G&A

September 30, 2014 11:10 am ET

G&A Moulding Technology Ltd., a United Kingdom-based training and consultancy group, has been bought by RJG Inc., the U.S.-based training business.    More

Image

Audacious vandal stuns Taipei Plas

September 29, 2014 4:59 pm ET

Melodrama erupted at the traditionally tranquil Taipei Plas trade show on Sept. 28 when a mysterious intruder flung red paint at the Baumüller...    More

Image

Asahi Kasei breaks ground on Alabama compounding plant

September 29, 2014 5:39 pm ET

Asahi Kasei Plastics North America will be able to solve two problems at once with a new compounding plant in Athens, Ala.    More

Market Reports

Plastics in Mexico - State of the Industry Report

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

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

More Events