NORTHBROOK, Ill.--(BUSINESS WIRE)--Resin distributor M. Holland Company announced today it has signed a letter of intent to acquire T&T Marketing, a leading distributor of polymer resins and compounds to the wire and cable market. Headquartered in Andover, Massachusetts, T&T has annual revenues of about $40 million and distributes throughout the United States and Canada.
“We identified wire and cable as an attractive market segment, but lacked the technical expertise and product portfolio to effectively compete,” said Marc Fern, M. Holland commercial vice president. “T&T is extraordinarily strong in both, making it a perfect complement to our Business Development Group.” M. Holland formed its Business Development Group in 2016 to apply focused marketing, technical and applications development resources to certain markets. The Group currently is comprised of market development teams focused on automotive, healthcare, flexible packaging, rotational molding and color and compounding markets.
T&T Marketing has 26 employees and ships from seven strategically located warehouses in the United States and Canada. It provides a wide range of testing and applications development services at its lab in Easton, Pennsylvania.
T&T Marketing will continue to be led by owner and President Tom Jordan, and all employees will be retained. Said Jordan, “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.” T&T Marketing has been represented by M&A advisor Trudeau & Trudeau Associates of Boston.
“First and foremost, we think that T&T Marketing will be a great cultural fit,” said Ed Holland, President and CEO of M. Holland Company. He also noted that 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.”
This transaction is expected to close in November 2017.
ABOUT T&T MARKETING
T&T Marketing was formed in 1988 by industry veteran Tony Dolce, a former vice president of sales and marketing for BP Performance Polymers. Son-in-law Tom Jordan joined the firm that same year, and the two men built the company into the leading, dedicated wire and cable distributor in North America. Jordan became company president in 2001 and eventually acquired full ownership of the business.
ABOUT M. HOLLAND
M. Holland is a leading international distributor of thermoplastic resins, providing suppliers the most strategic channels to market, offering innovative sourcing and supply chain solutions to our clients, and helping people lead rewarding careers. Since 1950, a deep commitment to personal relationships has formed the core of the company’s heritage, its culture, and its vision. Headquartered in Northbrook, Illinois, M. Holland sells in excess of 1.4 billion pounds of resin to more than 4,000 clients annually. To learn more, visit www.mholland.com. Follow M. Holland on Twitter, LinkedIn, and Facebook.