Expanded Value-added Service Offering in the Agrochemicals Sector
Speciality chemicals distributor DKSH AG (Zurich, Switzerland) has announced the acquisition of 100% of Agrochemicals distributor and blender SACOA Pty Ltd (Claremont – Western Australia, Australia) for an undisclosed sum. DKSH says the intention is “to further diversify its value-added service offering”.
Founded in 1994, family-owned SACOA is a formulator of premium agricultural crop protection products with sales of ca. AUD 21 mn (ca. CHF 15 mn at an exchange rate of 1.40 AUD/CH or ca. EUR 13.6 mn) that “develops, formulates and sells spray oils and adjuvants to a long-term customer base of agricultural distributors, resellers and farmers. The product range is supported by industry and academic research and field trial programs as well as proprietary and trademarked brand names”, DKSH said in the announcement.
According to DKSH, SACOA’s product range is highly complementary to the existing 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”. It is planned to fully integrate SACOA into DKSH’s Performance Materials BU and to merge the sales teams, in order to create revenue synergies.
Source: DKSH press release
HGE / DCG – 30.04.2021