Annual report 2014

TAKKT

In January, TAKKT subsidiary Hubert, the U.S. market leader in the direct marketing of supplies and equipment for the retail and food services industry, opened a new procurement office in Hong Kong. This enabled the company to further reduce procurement costs, benefiting not only the company but also its customers.

TAKKT

In June, KAISER+KRAFT launched a new pilot project to ensure compliance with social and ecological standards: the supplier code of conduct. This code lays out the key binding sustainability principles at KAISER+KRAFT, such as the creation of fair employment relationships and promoting environmental protection. This and the kick-off of the climate-neutral Active Green products in its offering have once again placed KAISER+KRAFT at the vanguard of their industry.

On 31 December, TAKKT entered into a purchase agreement with Global Industrial concerning the sale of shares in the Plant Equipment Group (PEG) – for USD 25 million free of financial liabilities. The industrial supplier which had previously been part of the TAKKT AMERICA division distributes products for transport, warehousing and operations to companies in the United States, Canada and Mexico. Following the sale of PEG, TAKKT has focused on its further development as a multi-channel-plus-company.