Nexeo Takes DSM Nordics Supply from K.D. Feddersen
Major US chemicals distributor Nexeo Solutions has agreed with K.D. Feddersen – a German-based engineering thermoplastics distributor – to acquire inventory and service customers currently supplied with DSM products in the Nordic region. The transition of customers from K.D. Feddersen Norden is expected to be completed on or before Apr. 3.
Nexeo said the agreement, which has DSM’s support, reflects its continued focus and commitment to optimize service and enhance its strategic position in the Nordic market. The distributor has recently expanded its team in the region to better position it for growth. Shawn Williams, senior vice president of plastics at Nexeo Solutions, said the company sees a lot of development opportunities for DSM’s growing portfolio in the Nordics.
This latest deal is the fifth distribution agreement made by Nexeo so far this year. Last month, the company expanded its partnership with China’s Wanhua Chemical to include the northeast and mid-Atlantic regions of the US for aliphatic diisocyanates. It also became the exclusive distribution partner of Colonial Chemical for the personal care market in northeastern US states and on Mar. 1, Nexeo became the supplier of Solvay’s Rhodoline defoamer products in the US, Canada and Mexico.
In January, the partnership with Silberline Manufacturing was expanded with national key accounts in the coatings, printing ink and plastic markets for special-effect and performance aluminum pigments. Nexeo is also representing Silberline’s roof coating pigments RC-65 and L-1015.
Nexeo Solutions merged with private equity firm WL Ross Holding (WLRH) in March 2016 in a deal worth nearly $1.6 billion. Late last month, chairman of WLRH, Wilbur Ross, was confirmed by the Senate as US commerce secretary. One of his key priorities is to renegotiate the NAFTA trade agreement with Mexico and Canada.
