TER GROUP sets up Subsidiary TER Italia S.r.l.
Effective beginning of September, specialty chemicals distribution group TER GROUP (Hamburg, Germany) has opened a subsidiary in Italy, TER Italia S.r.l. The company is part of a strategy to drive expansion into Southern Europe and is located in Milano.
Existing business of TER Chemicals Distribution, which was to-date managed as export from German, will in the future be handled by the new legal entity, which is being managed by Country Manager Ivan Calcaterra, who joined the group after having worked for many years at a large minerals producer.
Source: TER GROUP press release, DCG analysis
HGE – DCG / 19.10.2015