Gehring-Montgomery, a part of the TER group, has announced the acquisition of Strohmeyer & Arpe's Wax Division. The TER Group is a globally active family enterprise organized in three divisions. The divisions specialize in the sectors of chemical distribution, plastics distribution and processing, and wax finishing and adhesives production. Founded in 1908, the group now has 1,150 employees, 48 subsidiaries, and 9 production sites. The acquisition of Strohmeyer & Arpe's Wax Division marks a significant expansion of its product portfolio in carnauba wax and a strategic move to strengthen its position in the U.S. market.
"Gehring-Montgomery looks forward to this addition to our natural wax offering to the marketplace. This acquisition aligns perfectly with our growth strategy, allowing us to better serve our customers and continue to provide green innovative solutions," said Mark S. Bitting, managing director of Gehring-Montgomery.
“Gehring Montgomery was the best company to take over our wax division enterprise; we are very happy our business is in capable hands for the future. Our legacy is in excellent leadership, and we trust Gehring-Montgomery to continue delivering top-class service to our valued customers,” said Strohmeyer & Arpe President Charlie Kocot.