M. Holland Company, a resin distributor, has signed a letter of intent to take over T&T Marketing, a leading distributor of polymer resins and compounds to the wire and cable market. T&T, headquartered in Andover, Massachusetts, has annual revenues of about $40 million. The company distributes polymer resins throughout the United States and Canada. This transaction is expected to close in November 2017.
Marc Fern, M. Holland commercial vice president, said, “We identified wire and cable as an attractive market segment, but lacked the technical expertise and product portfolio to effectively compete. T&T is extraordinarily strong in both, making it a perfect complement to our Business Development Group.”
Starting Business Development Group in 2016, Holland is comprised of market development teams focusing on automotive, healthcare, flexible packaging, rotational molding and color and compounding markets.
T&T Marketing has seven warehouses strategically located in the United States and Canada. It provides a wide range of testing and applications development services at its lab in Easton, Pennsylvania. Tom Jordan owner and President, T&T Marketing will continue to lead the T&T Marketing with all employees of the company.
Jordan, said, “We are delighted to be linking with M. Holland, the ideal partner to help take T&T to the next level. Besides the scale and resources M. Holland provides, we share the same core values, which was very important to us.”
“First and foremost, we think that T&T Marketing will be a great cultural fit. T&T Marketing’s technical and commercial teams each have more than 30 years of industry-specific experience. At M. Holland, we pride ourselves on developing best-in-class talent, and we believe T&T Marketing will make a great addition to the M. Holland family”, said, Ed Holland, President, and CEO of M. Holland Company.