Otto Krahn Group GmbH will henceforth operate as the holding company of the globally active Otto Krahn Group, and will in future define the strategic guidelines and take on the role of a professional service provider to support group companies with the development of successful and sustainable growth strategies.
via Shutterstock
Otto Krahn Group holding company registered
Registration of Otto Krahn Group GmbH in the commercial register also marked the last step in the strategy programme announced in 2019. The group includes plastics distributor ALBIS, plastics compounder MOCOM, KRAHN Chemie, KRAHN Ceramics and the recycling specialist WIPAG.
Philip O. Krahn, CEO of the Otto Krahn Group, said: “Today was the starting signal for our holding company. In honour of the company founder, it is called the Otto Krahn Group, and will form the strategic basis for ALBIS, the KRAHN Group, MOCOM and WIPAG.”
In 1909, Otto Krahn established a trading company for rubber products. ALBIS started distributing plastics in 1961 and since 1972 has also produced compounds. With KRAHN GmbH, the distribution of specialty chemicals was also launched on the market in 1972. 2018 saw acquisition of the recycling specialist WIPAG. In 2019 the Group announced a restructuring and organisational programme that would separate the distribution and compounding business by positioning it in the companies ALBIS and MOCOM.
Krahn added: “With the new structure we are strengthening, in particular, the freedom to make quick decisions and strengthen efficient processes, while also offering the necessary entrepreneurial and future-oriented thinking.”
