Krahn Chemie acquires Greek lubricant additive distributor InterActive
Krahn Chemie GmbH, based in Hamburg, Germany, has acquired a majority share of InterActive S.A., headquartered in Athens, Greece.
Through this strategic acquisition the Krahn Chemie Group expands its footprint not only in Europe but also in the Israeli market.
Krahn Chemie, a chemical distribution company with a history spanning more than 100 years, is part of the Otto Krahn (GmbH & Co.) KG holding which incorporates two operational subsidiaries: Krahn Chemie GmbH and Albis Plastic GmbH.
InterActive S.A. was founded in 1990 and specialises in the distribution of lubricant additives in the Israeli, Greek and Cypriot market, as well as scientific instruments for R&D and QC laboratories in the oil, pharmaceutical and chemical industries by representing renowned international manufacturers.
“We are very pleased about this acquisition which gives us access to regions, where we have not been active before and, in the case of Israel, will additionally strengthen the growth of the Krahn Group outside Europe. InterActive is a technically driven, well-established distributor with a profound market knowledge and the same mindset as Krahn and by that the ideal partner to broaden our existing businesses to new regions,” says Rolf Kuropka, managing director, Krahn Chemie Group. Kuropka will take over as chairman of InterActive.
Yannis Protopapas, founder, co-owner and managing director of InterActive S.A., says “the new affiliation with the KRAHN Group provides us with a strong and solid base for our future business development. As a family owned company, KRAHN Chemie clearly matches with InterActive, especially with its firm commitment to securing the long-term development and growth opportunities in today’s rapidly consolidating markets. It is a pleasure to be now part of a group which also strongly believes that deep local market knowledge and partnership-oriented relationships are fundamental in creating value for both our customers and suppliers. In addition, the access to an extensive and high-quality product range, technical services as well as in-house laboratory support will accelerate our future growth.”