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Home  > Markets & companies  > Raw materials market  > Ter Group acquired Adiquimica in Portugal...

Thursday, 19 September 2019
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Markets & companies, Raw materials market

Ter Group acquired Adiquimica in Portugal and strengthened its position in Spain

Tuesday, 3 February 2015

Ter Group announces that Ter As Productos S.L., subsidiary of the Ter Chemicals Distribution Group, acquired from Adigroup their Portuguese company Adiquimica and 100% of their Spanish division Paints, Coatings and Construction, effective January 1, 2015.

With the addition of both businesses, Ter Group improves its setup on the Iberian Peninsula. Quelle: fotomek/Fotolia

With the addition of both businesses, Ter Group improves its setup on the Iberian Peninsula. Quelle: fotomek/Fotolia

Christian Westphal, CEO of Ter Group, mentioned: "With the addition of both businesses, Ter Group markedly improves its setup on the Iberian Peninsula. We warmly welcome thirteen new employees with extensive sales experience who will help us to grow sustainably. Furthermore we shall invest in continuous improvement of our systems and processes in Portugal and Spain.”

Twenty complementary distribution agreements

Alexander Sielmann, managing shareholder of Ter As Productos S.L., stated: "Through this acquisition more than twenty complementary distribution agreements have made our product portfolio in Spain even more attractive for clients in our defined focus industries. We do not foresee the need for changes in cliental location and will therefore continue to do what our customersare used to: taking care of them while providing excellence in service and technical support.

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