May 20 2025, David R Brown
DKSH Performance Materials acquires specialty polymers distributor APN Plastics in Australia and Malaysia
DKSH has announced today that it signed an agreement to acquire APN Plastics Holdings Pty Ltd Group and APN Plastics Pty Ltd (together also referred to as "APN Plastics"), a specialty polymers distributor, operating in Australia and Malaysia. The acquisition enables DKSH Performance Materials to expand its specialty chemicals business line in both markets, further diversifying its customer base.
We are pleased to have APN Plastics on board, to add new capabilities, and to further scale our presence in Australia and Malaysia
Thomas Sul and Natale Capri
Co-Heads Business Unit Performance Materials at DKSH
APN Plastics, founded in Melbourne in 2005 and expanded to Malaysia in 2015, serves around 270 customers across Australia, China, Malaysia, Singapore, and Taiwan. The company's customer base emcompasses various markets, including medical, infrastructure, transportation, consumer appliances and specialty packaging and is well-known for its extensive technical knowledge in the biomedical and engineering plastics sectors. APN Plastics generates annual net sales of more than AUD 42.5 million. DKSH will acquire the entire business and fully integrate the company into its existing operations.
Ian Hoult, Founder and Managing Director of APN Plastics, commented: “APN Plastics has spent two decades building strong, strategic relationships across the specialty polymer distribution industry. Joining DKSH marks a significant step forward in accelerating our growth and global presence.”
Thomas Sul and Natale Capri, Co-Heads Business Unit Performance Materials at DKSH, jointly commented: “We are pleased to have APN Plastics on board, to add new capabilities, and to further scale our presence in Australia and Malaysia. We warmly welcome the team and look forward to growing the business together in Asia Pacific and beyond.”
The closing of the transaction is expected during the second quarter of 2025 and is subject to customary closing conditions.
About DKSH
DKSH has been delivering growth for companies in Asia and beyond across its Business Units Healthcare, Consumer Goods, Performance Materials, and Technology for 160 years. 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 36 markets with 28,060 specialists, generating net sales of CHF 11.1 billion in 2024.
DKSH Business Unit Performance Materials distributes specialty chemicals and ingredients for food, pharmaceutical, personal care, and various industrial applications. With 58 innovation centers and regulatory support worldwide, DKSH creates cutting-edge formulations that comply with local regulations. With around 1,720 specialists, the Business Unit generated net sales of CHF 1.4 billion in 2024. 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
Visit: https://www.dksh.com