Tag Archives: Shanghai

DKSH announces the Acquisition of Right Base Chemicals in China

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

Azelis to acquire China Operations of Ingredients Plus

Specialties Distribution Group Azelis strengthens its Position in the Personal Care Market in China

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has  announced that it has signed an agreement to acquire the Greater China operations of Ingredients Plus Pty. Ltd. (Rydalmere (Sydney), NSW – Australia), a distributor of ingredients for the Personal Care industry.

The transaction comprises 100% of the shares of Ingredients Plus Hong Kong and the fully owned subsidiaries in Shanghai and Guangzhou, where in total over 40 people are employed. All employees will become part of the Azelis team, remaining in their respective position to support the business, Azelis said in the announcement.

No financial information was disclosed on the transaction, which is expected to be completed by end of August, according to the Azelis press release.

Source: Azelis press release

HGE – DCG / 16.08.2021

IMCD to acquire Shanghai-based Pharmaceutical Ingredients Business from Develing International Trade

Dutch Distribution Group enhances Pharma Industry Coverage in China

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands)  announced that it has signed an agreement to acquire the Pharmaceutical Business in China of Develing International Trade (Shanghai) Co. Ltd. (“Develing”) (Shanghai, China) for an undisclosed sum.


Develing International, with head office in Shanghai, is a Dutch sales and distribution company (B2B) of high-quality ingredients for the Food, Pharmaceutical, Chemical, and Feed industry in China and Vietnam. Its holding office is located in Bunschoten-Spakenburg, The Netherlands. The group has a number of subsidiaries in China, Vietnam and the United States. With a staff of more than 90 employees it realises sales in excess of EUR 120 mn per annum.


The acquired business, representing sales of approx. EUR 10 mn annually, will be integrated into IMCD China’s business unit Pharma. There will be synergies with IMCD’s existing product range, the company said in the announcement.


No financial details were disclosed on this transaction, which is subject to a number of closing conditions being fulfilled.


Source: IMCD press release, Develing website, DistriConsult analysis


HGE – DCG / 15.05.2020