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Distributor deal in Italy

6:19 AM MDT | September 6, 2013

Distributor Nordmann, Rassmann (Hamburg) says it has bought a majority stake in Jointec (Milan). 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. “We’re planning further expansions in Europe,” says Edgar Nordmann, the company’s managing partner. Nordmann, Rassmann, also family owned, had sales of €300 million ($393 million) in 2012. It operates mainly in Germany...

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