Expansion of Coverage of the Baltics Region brings Number of Offices to thirteen across CEE
Specialty chemicals distributor HSH Chemie GmbH (Hamburg, Germany) has recently established subsidiary HSH Chemie SIA in Latvia’s capital city Riga. The new subsidiary will serve the whole Baltic region. It expands on a representation office, which was established ca. three years ago, HSH Chemie said in the announcement.
HSH Chemie had sales of EUR 190 mn in 2018 through the group’s commercial activities as agent and distributor in 20 countries, throughout Central and Eastern Europe.
Source: HSH Chemie press release; HSH Chemie website
HGE – DCG / 14.02.2020
Strategic Realignment in Central and Eastern Europe for HSH Chemie and TER Chemicals
In a joint announcement a few days ago, Rather GmbH (Hamburg Germany) TER Hell & Co. GmbH (Hamburg, Germany), the holding company of chemicals manufacturer and chemicals, food ingredients and polymers distributor TER GROUP, announced that the two companies have decided to end their joint ownership of chemical distributor HSH Chemie GmbH (Hamburg, Germany).
In the recently connsumated transaction Rather GmbH acquired the 40% of the shares held by parther TER GROUP and is now the sole shareholder og HSH Chemie for undisclosed sum. According to a joint statement, the transaction follows a re-assessment of both parent companies’ strategic priorities.
Christian Westphal, Managing Director of TER Hell & Co. GmbH stated that his company was “aming to continue the cooperation with HSH Chemie in areas where synergy effects exist”. At the same
HSH Chemie had sales of EUR 190 mn in 2018 through the group’s commercial activities as agent and distributor in 20 countries, served from 12 sales offices throughout Central and Eastern Europe. Rather GmbH is the finance holding in which the Hamburg-based Rather family bundles its commercial activities. It is managed by Stephan F. Rather and founder Friedrich A. Rather.
Source: TER GROUP & HSH Chemie press release; HSH Chemie website; DistriConsult analysis
HGE – DCG / 24.01.2020