M. Holland to Acquire Wire & Cable Distributor T&T Marketing

NORTHBROOK, Ill.–(BUSINESS WIRE)–#MHolland–Resin distributor M.
Holland Company announced today it has signed a letter of intent to
acquire T&T Marketing, a leading distributor of polymer resins and
compounds to the wire and cable market. Headquartered in Andover,
Massachusetts, T&T has annual revenues of about $40 million and
distributes throughout the United States and Canada.

“We identified wire and cable as an attractive market segment, but
lacked the technical expertise and product portfolio to effectively
compete,” said Marc Fern, M. Holland commercial vice president. “T&T is
extraordinarily strong in both, making it a perfect complement to our
Business Development Group.” M. Holland formed its Business Development
Group in 2016 to apply focused marketing, technical and applications
development resources to certain markets. The Group currently is
comprised of market development teams focused on automotive, healthcare,
flexible packaging, rotational molding and color and compounding markets.

T&T Marketing has 26 employees and ships from seven strategically
located warehouses in the United States and Canada. It provides a wide
range of testing and applications development services at its lab in
Easton, Pennsylvania.

T&T Marketing will continue to be led by owner and President Tom Jordan,
and all employees will be retained. Said Jordan, “We are delighted to be
linking with M. Holland, the ideal partner to help take T&T to the next
level. Besides the scale and resources M. Holland provides, we share the
same core values, which was very important to us.” T&T Marketing has
been represented by M&A advisor Trudeau & Trudeau Associates of Boston.

“First and foremost, we think that T&T Marketing will be a great
cultural fit,” said Ed Holland, President and CEO of M. Holland Company.
He also noted that T&T Marketing’s technical and commercial teams each
have more than 30 years of industry-specific experience. “At M. Holland,
we pride ourselves on developing best-in-class talent, and we believe
T&T Marketing will make a great addition to the M. Holland family.”

This transaction is expected to close in November 2017.

ABOUT T&T MARKETING

T&T Marketing was formed in 1988 by industry veteran Tony Dolce, a
former vice president of sales and marketing for BP Performance
Polymers. Son-in-law Tom Jordan joined the firm that same year, and the
two men built the company into the leading, dedicated wire and cable
distributor in North America. Jordan became company president in 2001
and eventually acquired full ownership of the business.

ABOUT M. HOLLAND

M. Holland is a leading international distributor of thermoplastic
resins, providing suppliers the most strategic channels to market,
offering innovative sourcing and supply chain solutions to our clients,
and helping people lead rewarding careers. Since 1950, a deep commitment
to personal relationships has formed the core of the company’s heritage,
its culture, and its vision. Headquartered in Northbrook, Illinois, M.
Holland sells in excess of 1.4 billion pounds of resin to more than
4,000 clients annually. To learn more, visit www.mholland.com.
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Contacts

INK (for M. Holland)
Caitlin New, 512-382-8990
[email protected]