M. Holland Accomplished the Acquisition of Able International Corp. and Tril Export Corp.
Puerto Rico: M. Holland,
a US based, global plastic resin distributor, has completed the acquisition of Puerto
Rico based Able International Corp. and Tril Export Corp.,. Both the acquired
companies are involved in the distribution of plastic resin and are sibling
companies. Tril Export Corp. has a strong reach in the Caribbean region and
also caters to clients in Central and South America whereas Able International
has a strong hold over customers in Puerto Rico which would strengthen the
market penetration of M. Holland in Latin America by building the extensive
distribution network in the region. Both the acquired companies has annual
sales of around USD72.5 million. Post-acquisition Able International Corp. and Tril
Export Corp. would continue to operate in from their headquarters situated in San
Juan, Puerto Rico.
TechSci Research depicts that
this acquisition of both the aforementioned companies would increase would
augment all the three companies in improving their marekt presence. Post
completion of this deal, the companies would be able to cater to the demand of
their customer in timely manner.
According to the recent report published by TechSci Research, “India Engineering Plastics Market Forecast and
Opportunities, 2020”, the deal would influence the plastic resin distribution
across the globe. India engineering plastics market is projected to exhibit a
CAGR of over 13% during 2015 – 2020 on account of increasing application in
various industries such as automotive, electrical & electronics,
construction, etc. Engineering plastics market in India is segmented on the
basis of polymer type into ABS, Polycarbonate, SAN, Polyamide, PBT and Others.