OK
The Universal Selection Source:
Coatings Ingredients
Industry News

TER GROUP® Acquires Simon & Werner GmbH

Published on 2008-02-21. Author : SpecialChem

HAMBURG -- TER HELL & CO. GMBH, holding of the TER GROUP, has acquired 100% of SIMON & WERNER GMBH, Flörsheim / Germany, effective from January 1, 2008. SIMON & WERNER is a well-known specialty-chemicals distributor focused on pigments, dyes, surfactants, preservatives and other products supplied to the building materials, cleaners, detergents, coatings, cosmetics, leather, pharmaceutical, plastics and textile industries in Germany and parts of Europe. 40 employees achieved a turnover of € 20 million in 2007 with more than 2 000 customers in Germany.

Christian Westphal, managing shareholder of the TER GROUP, commented: "Simon und Werner is a strategic acquisition for us to strengthen our position as a pan-European distributor in our focus industries. Local management and staff of Simon & Werner will continue their path of success and cooperate with the TER GROUP to unlock synergies in logistics, cross-selling and customer service."

About TER GROUP:

As trader and distributor of specialty chemicals and food additives, the TER GROUP is represented with 30 firms in more than 20 countries worldwide through proprietary companies, joint ventures, shareholdings, affiliates and agents. 380 employees generate a turnover of € 340 million. Focus industries of the TER GROUP are paints & coatings, adhesives, plastics, food additives, cellulose ethers and specialty chemicals. The origin of business was founded in 1908 and developed to become a leading trader of wax and paraffin.

Source: TER GROUP


Halcyon Group 3rd R&D Innovation Summit
Back to Top