M Holland agrees acquire two international distributors

M Holland agrees to acquire two international distributors

9:47 AM, 10th February 2016
M Holland agrees to acquire two international distributors

NORTHBROOK, US: M Holland Company, said that it has signed a letter of intent to acquire Able International Corp and Tril Export Corp, both headquartered in San Juan, Puerto Rico.

The transactions are expected to close by the end of April.

Able International is the leading resin distributor in Puerto Rico, and Tril International is the leading resin distributor in the Caribbean and also serves customers in Central and South America, M Holland said.

The two businesses sell about 50-million pounds a year of thermoplastic resins to more than 100 customers through distribution and agency relationships with leading global resin producers. Products include a wide range of commodity and engineering resins.

“Able and Tril dovetail perfectly with our international expansion strategy, which aims to support our strategic supply partners who need a strong and stable channel to Latin American markets. Tril’s export reach is complementary to the export reach of our Mexican business unit, giving us penetration in most of the growing markets in Latin America,” said Edward Holland, president and CEO, M Holland.

President of Able & Tril and son of their founder, Tracy Coifman will continue to run the business. He will report to Steve Armstrong, M Holland’s director of international export and trading.

“We’ve been courted by other companies in the past, but it was the cultural fit and the strategic focus that excited us about joining M Holland. We’ve both grown as family-owned businesses,” said Coifman.

“In addition to its customer base and market reach, Able and Tril provide M Holland with a strong competence in international logistics and trade compliance built on nearly 40-years of experience dealing with dozens of countries,” said Armstrong.

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