2M Holdings Ltd expands and builds presence in Germany, acquiring dry ice producer CE-O2 Trockeneis GmbH
2M Holdings Ltd (“2M”) announces it has acquired CE-O2 Trockeneis GmbH (CE-02), a privately held, long standing producer and supplier of dry ice to customers in the Food, Catering and Life Science industries.
“When we acquire a business our objective is to buy a good business and help it to grow and become excellent. An added benefit is when we can use it as a stepping stone to add product lines which support our suppliers and new customers” said Mottie Kessler, 2M Chairman & CEO.
With its prime location in Düsseldorf airport and its excellent reputation, CE-O2 is a perfect fit to support 2M’s growth strategy.
“Having established CE-O2 in 1999 and growing the business, we decided it would be best to find it a new owner who would support its further growth, while maintaining workforce and reputation. We feel that 2M is the ideal new home for the business we established and for its employees” added Mr Wagener, key shareholder and Managing Director of CE-O2.
Dry-ice is used in a variety of industries and applications, including:
Mr Reiner Niethammer, who has many years experience in the industrial gases industry, will become Managing Director and the selling shareholders will continue to support CE-O2’s growth under 2M’s new ownership.