KRAHN Chemie Acquires Greek Distributor
HAMBURG, Germany — KRAHN Chemie GmbH 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.
InterActive S.A. was founded in 1990 and specializes in the distribution of lubricant additives in the Israeli, Greek and Cypriot market, as well as scientific instruments for research and development and quality control laboratories in the oil, pharmaceutical and chemical industries by representing 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,” said Dr. Rolf Kuropka, Managing Director of the KRAHN Chemie Group and upcoming Chairman of InterActive.
Yannis Protopapas, founder, co-owner and Managing Director of InterActive S.A., said, “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.”