Krahn Chemie AG of Germany has acquired the distribution business of Memolex SAS in France and established Krahn France SAS.
Founded in 1986, Memolex sells plastic additives in the Economic Union of France and the Benelux region.
The German distributor stated in a February 1 statement that the former Memolex team has been transferred to Krahn France SAS.
Axel Sebbesse, Managing Director of Krahn Chemie Group, said: "This strategic acquisition gives us the opportunity to expand the French market."
Franck Louichon said: "The new relationship with the Krahn Chemie Group provides a solid foundation for our future business." In 1992 he founded the PVC additive business at Memolex and is now part of the Krahn France management team.