TER GROUP Joined Forces With KEIM ADDITEC Surface USA

TER GROUP Joined Forces With KEIM ADDITEC Surface USA

TER GROUP Announced That They Acquired 49% of KEIM ADDITEC Surface USA,LLC., LaGrange (IL)

PR Newswire

HAMBURG, Germany, June 2, 2014 /PRNewswire/ —

Christian Westphal, CEO of TER GROUP, stated: “our investment is a logical step in complimenting TER GROUP’s portfolio of specialty chemicals with added-value products for a wide spread of applications and create synergies with KEIM’s corporate activities in the USA.”

Helmut Keim, owner and managing director of KEIM ADDITEC, mentioned: “We fully trust in the capabilities of TER GROUP through their skilled workforce, management of logistics and best practice of processes to expand our business within a prospering environment of the US economy.”

Alan I. Kalmikoff, president of KEIM ADDITEC Surface USA will retire by June 30, 2014. His successor will be Dave Grabacki.

KEIM ADDITEC Surface GmbH is a specialist for water based wax additives, founded in 1988 and located in Kirchberg, Germany. With their ULTRALUBE brand they provide solutions for surface modification of aqueous coating formulations like printing inks, overprint varnishes, lacquers, paints, wood stains, adhesives and polishes. The company holds sister companies Silcona GmbH & Co. KG , EuroCeras Sp. z o.o. and Ceronas. The subsidiary KEIM ADDITEC Surface USA, LLC. was founded in 2004.

TER GROUP is a leading European distributor, trader and producer of chemical raw materials managed from its headquarters at TER HELL & CO. GMBH situated in Hamburg, Germany and founded over 100 years ago. The TER GROUP comprises the majority-owned companies of TER Chemicals Distribution Group, TER Plastics Polymer Group and substantial minority stakes in HSH Chemie Distribution Group und Paramelt B.V. Together they provide a dedicated and resourceful presence of more than 30 companies in Europe, Asia and North America. Its products range from natural and synthetic resins, plastics, waxes of all kinds, through pigments and specialty chemicals, to raw materials for the food and feed industry. TER HELL & CO. GMBH cooperate with well-known producers (including CLARIANT, KURARAY, EVONIK, EXXONMOBIL). With a workforce of 591 employees worldwide, the TER GROUP generated sales of €510 million in 2013.

For enquiries please refer to:

Dave Grabacki, President effective July 1st, 2014, KEIM ADDITEC Surface USA, LLC, LaGrange, e-mail: Dave.Grabacki@keim-additec.de

Peter Pyka, Business Unit Manager, TER HELL & CO. GMBH, Hamburg, e-mail: p.pyka@tergroup.com, http://www.tergroup.com

Matthias Pietsch, Head of Marketing, KEIM ADDITEC Surface GmbH, Kirchberg, email: matthias.pietsch@keim-additec.de, http://www.keim-additec.de

Wolfgang Weger, phone +49-40-300501-8043

SOURCE TER HELL & CO. GMBH

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