IHS Chemical Week

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Distributor Nordmann, Rassmann acquires Italian firm

11:36 AM MDT | August 5, 2013 | Ian Young

Distributor Nordmann, Rassmann (Hamburg) says it has acquired a majority stake in Jointec (Milan) for an undisclosed amount. Family-owned Jointec specializes in the distribution of specialty chemicals for industrial applications. Its primary focus is on thermoset resins and elastomers. The deal provides Nordmann, Rassmann with direct access to the Italian market. "Our acquisition in Italy is just a first step," says Edgar Nordmann, managing partner at Nordmann, Rassmann. "We're planning further expansions in Europe, in order to give the whole...

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