April 14 2020, David R Brown
TER Chemicals acquires U.S. Trexan Chemicals, Inc.
TER Chemicals, a leading distributor and retailer of specialty chemicals and a division of German-based TER Group, has announced the acquisition of Trexan Chemicals, Inc., a chemical distribution company specializing in the adhesives raw material market.
Our acquisition of Trexan Chemicals, Inc. complements our overall U.S. chemical distribution offering so we can now provide multiple products to the adhesive formulation industry in the U.S. and CanadaJens Vinke
Director Trexan Chemicals, Inc.
The purchase of Trexan enhances TER Chemicals role in the North American distribution space and fits into their global strategy of expanding into specialty chemicals markets in this region. The deal widens the TER Group's US network of companies which already includes Gehring Montgomery, Keim Additec, and Paramelt.
Trexan Chemicals, Inc. is a well-established US distributor for ExxonMobil Chemical and TSRC/Dexco – distributing products well known in various industries but with a strong focus on adhesive and sealants applications. Brand names are Escorez™, Escorene™, Optema™, ExxonMobil™EnBA, ExxonMobil™LDPE, Exxon™butyl and halobutyl rubber, Vistalon™, Vector™ and Taipol™. These key partnerships will enable TER Chemicals to enhance its visibility and growth in the U.S. marketplace. TER Chemicals is already the distributor for most of these product lines of both manufacturers in Europe.
“Our acquisition of Trexan Chemicals, Inc. complements our overall U.S. chemical distribution offering so we can now provide multiple products to the adhesive formulation industry in the U.S. and Canada. This investment represents an important strategic opportunity”, said Jens Vinke, Director Trexan Chemicals, Inc.
Trexan Chemicals was founded in 2005 by Tom Nitkowski and aims to be a complete provider of specialty chemicals in the industry while creating solutions specifically to their North American customers base.
About TER Hell & Co. GmbH
TER Chemicals is a leading, multinational distributor of specialty chemicals with revenues of EUR 401.0 mio. in 2019 and 424 employees. TER Chemicals is part of the German-headquartered, TER Group with a workforce of 1.146 employees worldwide and global revenues of EUR 816 mio. in 2019.
Source(s): TER Chemicals Press Release