The Distrupol unit of GPD Cos. Inc. has acquired resin distributor Lautrup Chemicals A/S of Denmark.
Terms of the transaction were not disclosed. In a June 16 news release, officials with Distrupol in Surrey, England, described Copenhagen-based Lautrup as the leading distributor of polymers in Scandinavia.
Lautrup was founded in 1982 by CEO and President Hans Lautrup. The firm supplies polymers to a diverse client base across the Nordic region as well as Eastern and Southern Europe. Lautrup uses a network of distribution warehouses across Europe, officials said.
Distrupol Managing Director Richard Orme said in the release that Lautrup "has established an incredible reputation for providing exceptional service, an expansive product portfolio and consistent, on-time delivery."
"We look forward to expanding the range and reach of our product and service offerings to customers across Europe," he added.
Hans Lautrup said in the release that Distrupol's values and core beliefs are consistent with ours here at Lautrup's.
The Lautrup deal is the second in June for GPD. Earlier, GPD's Nexeo Plastics LLC unit acquired Nevicolor SpA, a resin distributor and compounder based in Luzzara, Italy.
"The acquisition of the Lautrup Chemicals business by Distrupol further extends the presence of GPD and continues the execution of our growth strategy," GPD CEO Paul Tayler said.
GPD is a holding company formed by investment firm One Rock Capital Partners LLC to create a leading group of global value-added distributors. GPD in January acquired Distrupol, a European materials distributor that sells more than 4,000 grades of material, distributing resins and compounds from 22 suppliers.