Strategic Realignment for HSH Chemie and Ter Chemicals
After many years of cooperation in partnership, the shareholders of HSH Chemie have decided to restructure their shareholdings in the course of a reassessment of their respective strategic priorities. The former majority shareholder Rather purchases all shares of HSH Chemie from Ter Hell & Co. and therefore now owns 100%.
Stefan Rather, Managing Director of HSH Chemie, explains: "Over recent years, a great deal has been achieved together by both shareholders for the HSH Chemie brand. With the establishment of Rather as sole shareholder, HSH Chemie is further expanding its position as one of the leading distributors in Central and Eastern Europe and, with its twelve national subsidiaries, will sustainably increase its sales from the current level of EUR 200 million."
Christian Westphal, Managing Director of Ter Hell & Co. comments: "With the concentration of the shares in a sole shareholder, HSH Chemie will gain its independence. Ter Hell & Co. is aiming to continue the cooperation with HSH Chemie in areas where synergy effects exist. The Ter Chemicals Distribution Group has already started to build up its own sales organization in Central and Eastern Europe and will deliver its broad product range to all countries in this region."