CLEVELAND--(BUSINESS WIRE)--FLOW POLYMERS, LLC, announced today that they have signed a distribution agreement with European distributor TER GROUP, based in Hamburg, Germany. Flow Polymers has been working with TER GROUP for almost a year now, developing a strategy to market their line of thermoplastic process aids, known as SureFlo® in the European market. Flow Polymers, has established a firm base of plastic additive
business in the United States, and is looking to grow their global business similar to what they do with Promix® in the tire industry. Mike Ivany, President and CEO stated, “I’m excited to have a formal agreement with such a strong partner in Europe, who is technically astute and who can help guide customers to more cost savings by using SureFlo.”
“We looked at where the best market would be to develop the SureFlo business outside the United Sates, and Europe was a natural geography. We also had to find the right distributor who would be able to handle the technical aspects of the sales process. It all fell into place quite nicely,” said Ivany.
Christian Westphal, CEO of the TER GROUP mentioned, “Flow Polymers has a successful range of products competitive in the European market. This partnership will further enhance our offering to European customers in key applications enabling them to improve their products and gain competitive advantage.”
About Flow Polymers, LLC:
About TER GROUP:
TER GROUP is a leading European distributor, trader and producer of chemical raw materials managed from its headquarters at TER HELL & CO. GMBH situated in Hamburg, Germany and founded over 100 years ago. The TER GROUP comprises the companies of TER HELL and HSH Group and together they provide a dedicated and resourceful presence of more than 30 companies in Europe, Asia and North America. TER HELL & CO. GMBH cooperates with well known producers (including CLARIANT, CELANESE, KURARAY, EVONIK, EXXONMOBIL) who are renowned for highest quality and innovative ability. Its products range from natural and synthetic resins, plastics, waxes of all kinds, through pigments and specialty chemicals, to raw materials for the food and feed industry. With a workforce of 570 employees worldwide, the TER GROUP generated sales of €510 million in 2011.