Press Release: 2M Holdings Ltd expands and builds presence in Germany, acquiring dry ice producer CE-O2 Trockeneis GmbH (Düsseldorf, Germany)
2M Holdings Ltd (“2M”) is delighted to announce it has acquired CE-O2 Trockeneis GmbH (CE-02), a privately held, long standing producer and supplier of dry ice to customers in the Food, Catering and Life Science industries.
“When we acquire a business our objective is to buy a good business and help it to grow and become excellent. An added benefit is when we can use it as a stepping stone to add product lines which support our suppliers and new customers” said Mottie Kessler, 2M Chairman & CEO.
With its prime location in Düsseldorf airport and its excellent reputation, CE-O2 is a perfect fit to support 2M’s growth strategy.
“Having established CE-O2 in 1999 and growing the business, we decided it would be best to find it a new owner who would support its further growth, while maintaining workforce and reputation. We feel that 2M is the ideal new home for the business we established and for its employees” added Mr Wagener, key shareholder and Managing Director of CE-O2.
Dry-ice is used in a variety of industries and applications, including:
- Biological Research - to preserve samples
- Medical Procedures - for transplant organ transportation
- Food Processing - freeze drying, cold grinding and keeping food fresh
- Cleaning - dry ice blasting
- Rubber Processing
- Pharmaceutical Manufacturing
Mr Reiner Niethammer, who has many years experience in the industrial gases industry, will become Managing Director and the selling shareholders will continue to support CE-O2’s growth under 2M’s new ownership.
About CE-O2 Trockeneis GmbH
Established in Düsseldorf, Germany in 1999 by its three owners, CE-O2 produces and distributes dry ice slices, nuggets and pellets, matching its customers’ requirements. It owns and operates dry ice production units as well as a dedicated fleet of special insulated boxes and transportation, to deliver to its customers in the Food, Catering and Life Science industries. Being located next to Düsseldorf International Airport enables CE-02 to provide quick response and highest service level to support customers’ requirements.
About 2M Holdings Limited
2M Holdings Ltd is a portfolio of strong brand chemical distribution and related chemical services companies of samples management, storage and blending. The group is privately owned and was founded in 2004 by Mottie Kessler MBE, the present Chairman and CEO. Headquartered in the UK with local presence in China, Benelux, Ireland, Poland, Scandinavia, Brazil, 2M exports to over 90 countries.
2M Holdings Limited includes: Banner Chemicals, Surfachem, MP Storage & Blending, Packed Chlorine, SampleRite UK, SampleRite China, and Stowlin Croftshaw.
2M businesses specialise in solvents, specialty chemicals and surfactants to automotive, precision cleaning, coating, emission reduction, oilfield & refineries, flavours & fragrances, personal care, household & industrial hygiene cleaning and pharmaceuticals industries.
2M also produces: CleanAirBlue™, Pigmentan, MEC-Prime, Perklone™ EXT, Perklone™ D, Perklone™ MD and Triklone™ LE, SamSol, and Packed Chlorine.