Albis: Separation of distribution and compounding businesses successfully completed
Hamburg-based Albis Plastic has successfully completed its strategy and growth program announced in 2019. The company said that it begins a new chapter in the 100-year history of the Otto Krahn Group: The distribution and compounding business are now operating as two separate companies as part of the new Otto Krahn Group Holding.
The distribution business will operate under the established Albis brand and the separated compounding business will be established under the new Mocom brand. The Otto Krahn Group also includes the Krahn Chemie Group and plastics recycler Wipag. The Otto Krahn Group will be the holding company for these four businesses.
"The new structure is good for our customers, good for our distribution partners and good for us as a group," says Philip O. Krahn, who is taking over the role of CEO of the Otto Krahn Group with immediate effect. "We have reorganised historically grown structures and are benefiting from clearer responsibilities for results and costs, shorter decision-making paths and further increased professionalism and efficiency across all divisions. Our customers continue to have access to all products in our comprehensive portfolio and benefit as usual from our independent consulting know-how and technical understanding. At the same time, their business with us will become even faster, simpler and less complicated.”
Horst Klink, former Vice President Distribution at Albis, will take over the management of the new Business Distribution. Ian Mills, former Chief Sales Officer of the Albis Group, will head the compounding business.