Nexeo expands in Europe with acquisition of resin supplier K.D. Feddersen
In a bid to expand its business in the Nordic region, resin, compounds and concentrates supplier Nexeo Solutions has acquired part of the DSM NV business of German resin distributor K.D. Feddersen Norden AB. for an undisclosed amount.
The deal includes resin inventory and accounts of customers who had been buying materials made by Dutch materials supplier DSM from Feddersen in parts of northern Europe.
“We see a lot of development opportunities in the Nordics with DSM’s growing product line card,” Shawn Williams, Nexeo’s senior vice president of plastics, said in a statement.
The statement added that Nexeo has also recently expanded its local team in the region to better position the company for growth in this area.
This transition of the customers from K.D. Feddersen to Nexeo Solutions is expected to be completed on or before April 3, 2017.
Headquartered in Woodlands, Tex., Nexeo distributes resins, compounds and concentrates for more than 20 suppliers, including ExxonMobil Chemical and LyondellBasell Industries.