The Krahn Chemie Group has acquired the distribution business of French Memolex SAS and has established Krahn France SAS.
Memolex, founded in 1986, focusses on the sales and distribution of plastic additives in the French market by representing renowned international suppliers. Like Krahn, Memolex pursues a strong technical sales approach and maintains close relationships to its French customers. The former Memolex team has been transferred to Krahn France so that a smooth continuation and the ongoing development of the business is ensured.The new Krahn France team will be operating from the former Memolex site, which is located in Milly-la-Forêt close to Paris.
“This strategically important acquisition gives us as Krahn Group now the opportunity to expand in the French market. Based on the successful business the Memolex team has established over the last years, we are proud of getting the chance to further developing these activities. I am very happy that we as Krahn Group can – from now on also in the French market – offer our partners the same Krahn service they already know from other countries”, says Axel Sebbesse, Managing Director of the Krahn Chemie group.
“Value for both sides”
“The new affiliation with the Krahn Group provides us with a strong and solid basis for our future business development. I am delighted to be now part of a group which also strongly believes that a deep industry and market knowledge is the key to create value for both sides – our customers and suppliers”, says Franck Louichon, who established the PVC Additives business at Memolex in 1992 and has now joined the management team of Krahn France.
Source: European Coatings
Italy’s Treasury has sold a 2.8% stake in oil and gas company Eni, raising approximately €1.4bn. Despite this reduction, the Italian Government will own a third of Eni, with a combined stake of more than 30% held between the Treasury and state lender Cassa Depositi e Prestiti, which owns another 28.5% stake.
Umicore announces the appointment of Bart Sap as Chief Executive Officer, effective May 16th. He will succeed Mathias Miedreich who has decided to step down, in mutual agreement with the Supervisory Board. Bart Sap joined Umicore in 2004 and has been the Executive Vice President Catalysis since March 2021.
Hungarian energy and petrochemicals group MOL has inaugurated its €1.3 billion polyol complex in Tiszaújváros, Hungary, with a capacity of around 200,000 t/y of polyol, a widely used plastic raw material. According to MOL, the commissioning is a significant milestone, as it is the only company in Hungary and Central and Eastern Europe that covers the entire value chain from crude oil processing to polyol production.
