January 31 2015

TER GROUP expands on Iberian Peninsula

TER GROUP acquires ADQUIMICA in Portugal and the Paints & Coatings and Construction Business of ADIGROUP in Spain

German family owned specialty chemicals distributor TER GROUP (Hamburg, Germany), announced earlier this week that it has acquired Portuguese distribution company ADIQUIMICA and the Spanish activities in the “Paints, Coatings and Construction” sector of ADIGROUP (Terrassa, Spain).
The transaction was made through the group’s Spanish subsidiary TER AS PRODUCTOS S.L., located in Barcelona, Spain. The acquisition is effective 01. January 2015.
No financial details were disclosed on the transaction.

Source: TER GROUP press release

HGE – DCG / 30.01.2015

DistriConsult comment:
M&A activity in chemical distribution during the last twelve months was quite strong. Globally, DistriConsult did record a total of 48 transactions in 2014, with 22 of these (ca. 46%) taking place in Europe. This compares with 32 transactions during 2013, an increase of 50% year-on-year. Overall, most of the transactions in 2014 were, in our assessment, driven by the strategy to expand geographic coverage (33%). Consolidation plays, were a direct competitor in the same geography was taken over, accounted for 31% of the reported transactions. From the perspective of size of the buying entity, 44% of the transactions were concluded by buyers with a turnover in excess of EUR 1’001 mn. The mid-sized players (turnover bracket EUR 101 to 1’000 mn) did 38% of the deals.

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