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M. Holland Co. Sells Majority Interest to Ravago Group
August 23, 2023

In a strategic move, M. Holland Company, a top-tier distributor of thermoplastic resins, has entered a partnership with the global polymer powerhouse, Ravago Group. This partnership will see Ravago securing a majority interest in M. Holland.

This collaboration is poised to supercharge M. Holland's growth trajectory, equipping it with the resources and scale necessary to navigate the dynamic landscape of the plastics sector. While the specifics of the deal remain undisclosed, the Holland family will maintain a substantial minority stake in the company.

Post-acquisition, M. Holland will retain its operational independence, functioning as a subsidiary under the Ravago Group. The current leadership of M. Holland, spearheaded by CEO Ed Holland and President Marc Fern, will remain intact.

Ed Holland commented on the partnership, "Aligning with Ravago Group, a like-minded entity, ensures a robust future for M. Holland. This collaboration is a testament to our commitment to our stakeholders and charts a course for M. Holland's continued success." While Jim Duffy, CEO of Ravago Holdings America, expressed similar enthusiasm as well.

Marc Fern added, "This alliance with Ravago Group not only retains M. Holland's brand integrity but also propels us into our next growth phase."

Both M. Holland and Ravago have witnessed growth through strategic acquisitions in recent years. M. Holland boasts annual sales exceeding $1.5 billion, serving over 70 countries. Meanwhile, the larger Ravago, headquartered in Luxembourg, operates in over 55 countries, employing 8,000 across its vast network of manufacturing facilities and moves some 15 billion pounds of materials annually.

This partnership between two industry giants is set to reshape the plastics distribution landscape, promising growth, and innovation in the years to come.

--The Plastic Exchange

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