TAKKT repositions the Hubert Groupsitions
| 10 January, 2019
Following the closing of Hubert's European activities in the second half of 2018, German group TAKKT has now decided on a repositioning of Hubert's US business and a focus on more attractive customer groups.
Hubert is part of the TAKKT AMERICA segment and distributes visual merchandising products as well as supplies and equipment for the food service and food retail industries. In particular in the area of ??food service, Hubert was able to achieve good and profitable growth with some major customers over the past two decades, but this has also led to increasing dependency and a more volatile business. For several quarters, business with these customers has been under pressure and became less and less attractive and profitable. For this reason, the TAKKT Management Board has decided on a repositioning of Hubert. The aim of the repositioning is to reduce the dependency on the low-margin volume business and to focus on Hubert's core competencies in visual merchandising.