Ter Hell & Co. GmbH has strengthened its position in the coatings, cosmetics and pharmaceutical industries, by buying 100 percent of Simon & Werner GmbH, based in Flörsheim, Germany. The deal took effect 1 Jan 2008.
Simon & Werner is a well-known distributor of speciality chemicals focused on pigments, dyes, surfactants, preservatives and other products. It markets these to the building materials, cleaners, detergents, coatings, cosmetics, leather, pharmaceutical, plastics and textile industries in Germany and parts of Europe.
With 40 employees, the company had a turnover of Euro 20 million in 2007 from more than 2000 customers in Germany.
"Simon & 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 Ter Group to unlock synergies in logistics, cross-selling and customer service," said Christian Westphal, managing shareholder of Ter Group, owner of Ter Hell, in a company statement.
The Euro 340 million-turnover Ter Group is a trader and distributor of speciality chemicals and food additives, represented with 30 firms in more than 20 countries via proprietary companies, joint ventures, shareholdings, affiliates and agents.
Ter Group has a focus on paints & coatings, adhesives, plastics, food additives, cellulose ethers and speciality chemicals.