TER GROUP establishes specialised Subsidiary TER Ingredients to service the Food & Feed Industry
Privately owned distributor TER GROUP (Hamburg, Germany) will spin off its business with ingredients for the Food and the Feed industry into a separate subsidiary, the company announced earlier this month.
As of 01 January 2016, the newly founded TER Ingredients GmbH & Co. KG will take over the existing Food & Feed business from TER HELL & Co. GmbH, the group’s trading company. With this reorganization, the TER GROUP is responding to the above-average growth in the Food & Feed business unit, the statement said. In 2014 the turnover of the unit amounted to EUR 65 mn.
Source: TER GROUP website
HGE – DCG / 23.12.2015