May 27 2019, David R Brown
DKSH acquires specialty chemicals distributor Dols International in Benelux
DKSH Performance Materials Business Unit, a leading specialty chemicals and ingredients distributor, has acquired 100% of the share capital of Dols International BV, a specialty chemicals distributor based in the Netherlands. The transaction is in line with DKSH’s acquisition strategy, which has been accelerated since 2017.
The value-accretive acquisition of Dols International marks an exciting and important step in strengthening our position as a specialty chemicals distributor in EuropeThomas Sul
Co-Head Business Unit Performance Materials, DKSH
Founded in 1989, Dols International focuses on the distribution of specialty chemicals in Benelux and the deal extends DKSH’s Performance Materials BU's European coverage, following acquisitions in Spain, Portugal and the Nordics in recent years. Dols’ product portfolio includes pigments, binders and additives for use in paints, coatings, adhesives, plastics and construction applications. The company also formulates products in its in-house laboratory, which will convert to a DKSH innovation center, expanding the network to 40 innovation centers worldwide. Dols already represents several leading international clients and serves more than 200 customers.
Thomas Sul, Co-Head Business Unit Performance Materials, DKSH, commented: “The value-accretive acquisition of Dols International marks an exciting and important step in strengthening our position as a specialty chemicals distributor in Europe. As with earlier acquisitions, this local setup will be synergistic for our industrial chemicals business and establish a basis for expanding into the personal care, food and pharma industries. The lab will become a regional hub and benefit from our existing network of innovation centers worldwide, while continuing to offer services for our clients in the Benelux market.”
Dols International’s specialty chemicals distribution business generated revenues of almost CHF 10 million in 2018. The current management team of the business and its employees will be joining DKSH’s Business Unit Performance Materials.
DKSH is the leading Market Expansion Services provider with a focus on Asia. The Group helps other companies and brands to grow in the Consumer Goods, Healthcare, Performance Materials and Technology sectors. DKSH’s portfolio of services includes sourcing, market insights, marketing and sales, distribution and logistics as well as after-sales services. Publicly listed on the SIX Swiss Exchange, the Group operates in 35 markets with 33,000 specialists, generating net sales of CHF 11.3 billion in 2018. With its strong Swiss heritage and long business tradition since 1865, DKSH is deeply rooted in Asia Pacific. The DKSH Business Unit Performance Materials distributes specialty chemicals and ingredients for food, pharmaceutical, personal care and various industrial applications. With 40 innovation centers and regulatory support worldwide, we create cutting edge formulations that comply with local regulations. With around 1,080 specialists, the Business Unit generated net sales of CHF 960.4 million in 2018.
Source(s): DKSH Press Release