October 20, 2017
Peter Greven Group, a German manufacturer of oleochemical derivatives, has formed Norac Additives LLC and acquired the assets of the additives division of Norac, Inc. Murray Wise Capital LLC served as exclusive financial advisor to Norac, Inc.
Norac Additives has its headquarters and development lab in Pomona, California and a production site in Helena, Arkansas. The company specializes in the production and sale of various plastic additives, including metallic stearates, ester lubricants and PVC heat stabilizers, and possesses long-term application expertise within the plastic industry.
Peter Greven Group was founded in 1923 and has its headquarters in Bad Muenstereifel, Germany, with additional production sites in Venlo, The Netherlands and Penang, Malaysia (Joint Venture), as well as sales offices in Paris, France and Freehold, New Jersey. Peter Greven Group is well positioned internationally, with a broad product range containing metallic and alkali soaps as well as esters and dispersions. The company supplies customers in various industries worldwide. Through the formation of Norac Additives, the company's presence in the USA, as well as its position within the plastic industry worldwide, shall be strengthened and extended.
"With this very important acquisition, we feel that our international position within the metallic soaps and plastic additives sector is further improved. The US market is very interesting for us and we see there is still substantial growth potential for our group," Peter Greven, managing director of Peter Greven, said.
Norac Additives will remain an independent company after the transaction, but will be fully integrated into Peter Greven Group. In this context, the management board of Peter Greven has announced that all employees and the management team of Norac Additives will be retained.
Murray Wise Capital LLC, headquartered in Champaign, Illinois, is a leading national financial advisory firm, especially in agribusiness and commodity based product companies.
"For farmers, bankruptcy isn’t always the end – sometimes it’s a new beginning." https://bit.ly/2HRJuA1
For more articles like this, subscribe to our Wise Ag Update newsletter today: http://www.murraywiseassociates.com/About-Us/Newsletter …
#TBT to 5 years ago this week & the East Coast Brokers & Packers auctions in Florida and Virginia in which we sold over 10,000 acres of tomato producing farmland, storage and packing facilities, and equipment in partnership with @CrosbyAssocs @weeksauction and @WoltzRealEstate pic.twitter.com/aHYeZUgM1u
**REMINDER** - Meigs County, OH Open House tomorrow - Thursday, August 16th from 4pm-6pm EST at the Salem Township Fire Station #6 in Langsville, OH. 423 acres in 17 tracts PLUS a hunting lease up for auction! For more information, visit: http://www.murraywiseassociates.com/farmland-real-estate/auction/ItemId/127/Ohio/Meigs-County?utm_source=Email+Database&utm_campaign=1f40bb535c-AEP+-+Morgan_COPY_01&utm_medium=email&utm_term=0_d05924d421-1f40bb535c-216036305 … pic.twitter.com/3LCkBgbJis
Brooke Didier Starks with Meyer Capel says, "Plans that irrevocably lock farmland in arrangements for extensive years eventually run the risk of resulting in unrealistic outcomes."
Read 4 other tips here! http://www.murraywiseassociates.com/Blog/farm-succession-planning-5-thoughts …
Murray Wise Associates LLC
1605 South State Street, Suite 110
Champaign, IL 61820
800.607.6888 (Toll free)
Real Estate and Farm Management
Murray Wise Capital
Request more information