KRAHN Chemie GmbH (“KRAHN”) and SIP Limited (“SIP Speciality Oils and Fluids” or “SIP”) announce a long-term distribution partnership covering specific European countries for certain parts of the SIP product portfolio.
The partnership will broaden the footprint of the SIP range of premium industrial base oils in the European market and help meet the growing demand for premium products and for more robust supply options. SIP has teamed up with KRAHN to market and promote the product portfolio to industrial markets across Europe. Under the terms of the agreement KRAHN will market, sell, warehouse, and support the SIP portfolio of premium industrial baseoil products with immediate effect, including the SIP ID, SIPMET and SIPPAR brands. The chemical distributor will also promote SIPMED and SIPTECH products for the food grade lubricant segment.
The agreement applies to the KRAHN sales regions Germany, Austria, and Switzerland, and through subsidiary KRAHN Hellas, in Greece, Cyprus and Israel, too.
SIP Speciality Oils and Fluids’ Managing Director Tobias Tasche said “We are incredibly excited about this recent agreement with KRAHN Chemie, as our organizations are very much aligned in our long-term goals and values. KRAHN have a century-long footprint in Europe’s heartland which is a good fit for SIP’s long-term growth strategy in mainland Europe. In addition, they have a strong logistics capability and a large team of local sales technical staff which allows us to service these markets in new and better ways. We look forward to providing customers in Europe with our high-quality premium industrial base oils leveraging the excellent reputation of our new partner, KRAHN Chemie.”
Yannis Protopapas, Managing Director of KRAHN Hellas S.A., said “KRAHN is delighted to have reached this agreement with SIP. We see an increasing interest from our customers in specialty and premium base oils. SIP allows us to dynamically enter this market segment and to further strengthen our relationships with our customers by covering a wider spectrum of their raw material requirements.” Bjoern Maring, Director and Business Segment Manager Lubricants of KRAHN Chemie adds “SIP have a well-respected reputation in our markets already, based on their 35 years of experience, and they continue to broaden their portfolio offering with an increased focus on more sustainable options. This is a great platform for growth, and we look forward to achieving great success in the European market together.”
About SIP Speciality Oils and Fluids
SIP Limited is an independent marketer of specialty oils, fluids and additives and has been active in EMEA for 35 years. Operating from its office in London, UK, and their distribution hub in Antwerp, Belgium, products are supplied throughout Europe and beyond by vessel, road tanker, flexi/iso tanks and packages and include medicinal and technical white oils, drilling base fluids, premium industrial oils (naphthenic and paraffinic), process oils, environmentally acceptable base oils, low viscosity specialty fluids and a range of additives. For more information about SIP, please visit www.sip.com or on LinkedIn www.linkedin.com/company/sip-ltd/.