M. Holland Company, a distributor of thermoplastic resins, has completed the previously announced acquisition of sibling companies Able International Corp. and Tril Export Corp., both headquartered in San Juan.
In February, the company announced that it signed a letter of intent to acquire the two companies.
Able International is a resin distributor in Puerto Rico, and Tril Export is the leading resin distributor in the Caribbean and also serves customers in Central and South America. The two businesses sell about 50 million pounds a year of thermoplastic resins to more than 100 customers.
“The completion of this acquisition marks a historic milestone for M. Holland,” commented Ed Holland, company president.
“This expansion will help position M. Holland as the resin distribution leader in Latin American markets. We’re delighted to have Able International and Tril Export officially join the M. Holland family. Like us, they are a family owned business and they truly embody all of the M. Holland core values,” he said.
Tracy Coifman, President of Able and Tril and the son of their founder, will remain with the business to help M. Holland expand its footprint in Latin America.
“There is something special about a large family business that can make long-term investments and commitments for the benefit of its suppliers, customers, partners, and employees,” Coifman said. “Working with the M. Holland team over the past several months has been a career highlight for me. Speaking for the entire team, we are excited to be joining the M. Holland family.”
Able and Tril will continue to operate from San Juan.