Industry News

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.

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