April 30 2021, David R Brown
DKSH acquires SACOA in Australia, further expanding its Performance Materials business
DKSH has acquired 100% of Australian agrochemicals distributor and blender SACOA, further expanding its Performance Materials business in Asia Pacific. The own-brand acquisition is in line with DKSH's strategy to further diversify its value-added service offering and will raise the company to a leading position in the distribution of specialty agricultural chemicals in Australia.
With this move, we will become a leader in the market of specialty agricultural formulations and blends in AustraliaThomas Sul and Natale Capri
Co-Heads Business Unit Performance Materials at DKSH
SACOA is a leading Australian formulator of premium agricultural crop protection products. Founded in 1994, the family-owned business develops, formulates and sells spray oils and adjuvants to a long-term customer base of agricultural distributors, resellers and farmers.
SACOA's portfolio is highly complementary to DKSH's product portfolio, recently enhanced through the 2020 acquisition of Axieo, including its subsidiary SST, a leading supplier of adjuvants and spray additives, in Australia and New Zealand.
Thomas Sul and Natale Capri, Co-Heads Business Unit Performance Materials at DKSH, jointly said: “By acquiring SACOA, we actively drive forward market consolidation in the specialty chemicals industry in Asia Pacific. With this move, we will become a leader in the market of specialty agricultural formulations and blends in Australia – a sector with attractive expansion opportunities, also outside of the region. We welcome all of SACOA's employees and look forward to growing together with them.”
Justin Matthews, CEO and founder of SACOA, added: “For more than 25 years, we have been developing premium specialty agricultural chemicals in Australia. By combining DKSH's international expertise and SACOA's local experience, we generate more value for our customers. We look forward to joining DKSH.”
SACOA is expected to generate net sales of around EUR 13.5M in 2021 and the company will be fully integrated into DKSH Australia.
At DKSH, our purpose is to enrich people’s lives. For more than 150 years, we have been delivering growth for companies in Asia and beyond across our Business Units Healthcare, Consumer Goods, Performance Materials and Technology. As a leading Market Expansion Services provider, we offer sourcing, market insights, marketing and sales, eCommerce, distribution and logistics as well as after-sales services. Listed on the SIX Swiss Exchange, DKSH operates in 36 markets with 32,450 specialists, generating net sales of CHF 10.7Bn in 2020.
The DKSH Business Unit Performance Materials distributes specialty chemicals and ingredients for food, pharmaceutical, personal care and various industrial applications. With 48 innovation centers and regulatory support worldwide, we create cutting-edge formulations that comply with local regulations. With around 1,260 specialists, the Business Unit generated net sales of CHF 1.1Bn in 2020.
Source(s): DKSH Press Release