Further Expansion of the Performance Materials Business Unit
Speciality chemicals distributor DKSH AG (Zurich, Switzerland) has announced the acquisition of a majority share in specialty chemicals distributor Shanghai Right Base Chemicals Co. Ltd. [“RBC”] (Shanghai, China) from majority shareholder and General Manager Windy Wang and her co-investors for an undisclosed sum. The initial transaction involves the transfer of a 70% stake, with the remaining shares to be bought in five years.
Founded in 1994, RBC and its 60 employees cover the Eastern, Central, and South-Western regions of the Chinese market. The company primarily distributes Additives, Resins, and Colorants for Paints & Coating and Inks. With net sales of approx. EUR 23 mn (ca. CHF 25 mn at 1.00 CHF = 7.00 CNY) RBC has what DKSH describes as a “sound profitability and return on capital”. The investment is expected to be immediately earnings-accretive.
Closing of the transaction is expected for Q4-2021. It is subject to certain customary closing conditions, DKSH said in the announcement. No further financial details were disclosed on the transaction.
Source: DKSH press release
HGE / DCG – 03.11.2021
Hamburg based Distributor strengthens Nutrition & Pharma Activities in the Nordic Region
Privately owned distributor of speciality chemicals and ingredients Lehmann&Voss&Co. [LEHVOSS Group] (Hamburg, Germany) has recently entered into a Joint Venture with Engredo ApS (Vejle, Denmark) in order to expand and strengthen its business activities regarding Ingredients and Minerals for the Nutritional Supplements, Pharmaceuticals and Feed sectors in the Nordic region.
The new JV allows for the synergistic combination of product portfolios as well as regulatory and sourcing expertise, LEHVOSS said in a statement. No financial details were disclosed on the transaction.
Source: LEHVOSS press release
HGE – DCG / 04.06.2021
Switzerland-based Industrial Minerals Producer and Specialty Chemicals Distributor expands Activities on African Continent
Globaly active industrial minerals producer and specialty chemicals distributor Omya International AG (Oftringen, Switzerland) announced that it has forme a Joint Venture (“JV”) with Idwala Industrial Holdings Ltd. (Randburg (Johannesburg), South Africa), a producer and supplier of Limestone, Lime and Calcium Carbonate.
The new company, Omya Idwala S.A. will have offices in Johannesburg, Durban and Cape Town. It will offer a portfolio of Calcium Carbonate and Specialty Chemicals to customers in South Africa. Natasha De Lange has been named General Manager of the new entity.
Source: Omya press release
HGE – DCG / 11.02.2020