December 27 2019

DKSH acquires Axieo in Australia and New Zealand

Performance Materials BU significantly enhances Asia-Pacific Footprint for Speciality Chemicals

Speciality chemicals  distributor DKSH AG (Zurich, Switzerland) has announced the acquisition of diversified specialty chemicals distributor Axieo  (Kew (Melbourne) – Victoria, Australia) from management and financial sponsor Champ Private Equity.

 

Axieo sells products into a variety of industrial applications as well es the Cosmetics, Pharmaceutical, Food & Beverage and Agriculture. It operates two “Innovation Centers” in co-operation with Monash University in Melbourne, one focused on Life Sciences, the other on Industrial Applications. The company, which dates its roots back to 1950, has a turnover of ca. EUR 120 mn (ca. AUD 186 mn). It employs a staff of 120 and serves more than 2’600 customers according to the announcement.

 

No financial details were disclosed on the transcation, which is expected to close during Q1-2020, subject to certain conditions precedent. DKSH says the acquisition will be immediately earnings accretive. It adds more than 10% to the annual turnover of the Performance Materials BU.

 

Source: DKSH press release, Axieo website

 

HGE / DCG – 27.12.2019

«
More ...

Mastering the art
of distribution

publications_sidebar

Further publications

Receive latest publications & update

    By subscribing you agree to receive our promotional marketing materials and agree with our Privacy Policy. You may unsubscribe at any time.

Please let us contact you:

I consent to having DistriConsult store my submitted information so they can respond to my inquiry.