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German distributor buys stake in wax additives maker

1:19 PM MDT | June 11, 2014 | Ian Young

Ter Group (Hamburg) says it has acquired a 49% stake in Keim Additec Surface USA (LaGrange, IL), a subsidiary of Keim Additec Surface (Kirchberg, Germany). Terms of the deal were not disclosed. Keim Additec specializes in water-based wax additives. Ter Group is a European distributor, trader, and producer of chemical raw materials. The company generated sales of €510 million in 2013. "Our investment [in Keim Additec Surface USA] is a logical step in complimenting Ter Group's portfolio of specialty chemicals with added-value products for a wide spread of...

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