April 8 2024, David R Brown
DKSH Performance Materials expands its life science Business in Malaysia by acquiring Elite Organic
DKSH has signed an agreement to acquire Elite Organic Sdn. Bhd. (Elite Organic) in Malaysia, a trusted supplier of value-added ingredients and services to the pharmaceutical, food, and nutraceutical industries in Malaysia and Singapore. The acquisition further expands DKSH Performance Materials Business Unit's position in highly attractive life science segments in Asia Pacific.
We are very pleased to acquire Elite Organic, which offers a strong product portfolio with excellent growth prospects in Malaysia
Thomas Sul and Natale Capri
Co-Heads Business Unit Performance Materials at DKSH
Established in 1995, Elite Organic distributes ingredients from world-renowned manufacturers from Europe, the US, Japan, and Asia to top-tier life sciences manaufacturers. The company generates net sales of over CHF 5 million at sound profitability and return on capital. DKSH is acquiring the entire business and fully integrating the company into its existing operations.
Phoon Khye Wang, President at Elite Organic, commented: “By consistently delivering value and maintaining strong relationships with customers and suppliers, Elite Organic has earned an excellent market reputation over around 30 years. By joining DKSH, we will be able to further strengthen our strong position and expand our presence in the resilient life science industries.”
Thomas Sul and Natale Capri, Co-Heads Business Unit Performance Materials at DKSH, jointly added: “We are very pleased to acquire Elite Organic, which offers a strong product portfolio with excellent growth prospects in Malaysia. We warmly welcome Mr. Phoon and his team at Elite Organic and look forward to further developing the business together.”
The closing of the transaction is expected during the second quarter of 2024 and is subject to customary closing conditions.
About DKSHDKSH has been delivering growth for companies in Asia and beyond across its Business Units Healthcare, Consumer Goods, Performance Materials, and Technology. As a leading Market Expansion Services provider, DKSH offers 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 35 markets with 29,040 specialists, generating net sales of CHF 11.1 billion in 2023. DKSH Business Unit Performance Materials distributes specialty chemicals and ingredients for food, pharmaceutical, personal care, and various industrial applications. With 53 innovation centers and regulatory support worldwide, DKSH creates cutting-edge formulations that comply with local regulations. With around 1,600 specialists, the Business Unit generated net sales of CHF 1.4 billion in 2023. DKSH is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business.
Source(s): DKSH Press Release
Further Information
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