DKSH acquires specialty chemicals distributor Andreas Jennow
14 July 2015
14 July 2015
DKSH acquires specialty chemicals distributor Andreas Jennow in
DKSH Holding Ltd.
Date: July 2, 2015
DKSH, the leading Market Expansion Services provider, today
announced the acquisition of Andreas Jennow, a top-ranking
specialty chemicals distributor in Northern Europe. With this move,
DKSH Business Unit Performance Materials strengthens its
geographic coverage in Europe, complements its market leadership
in Asia and drives forward the consolidation of the chemical
Zurich, Switzerland, July 2, 2015 – With the acquisition of Andreas Jennow,
DKSH Business Unit Performance Materials complements its geographic
coverage in Europe and strengthens its position as a pan-European Market
Expansion Services provider.
With its Business Unit Performance Materials, DKSH provides distribution
services for its clients and suppliers in the chemical, personal care,
pharmaceutical and food industries. In addition, DKSH offers sourcing
services for specialty products from numerous markets across Asia,
Europe and the Americas. Performance Materials is the only Business Unit
of DKSH where product and service flows are managed from Europe to
Asia and vice versa.
Founded in 1916 and with net sales of around CHF 30 million at sound
profitability in 2014, Andreas Jennow is a leading specialty chemicals
distributor and major supplier of raw materials in Northern Europe and in
the Baltics. The company has activities in Denmark, Sweden, Finland,
Norway, Iceland, Estonia, Latvia and Lithuania. Andreas Jennow offers the
full product range for the specialty chemicals and personal care industries.
The acquisition is immediately earnings accretive.
Peter From, Managing Director of Andreas Jennow stated: “With this
transaction, we create an ideal succession solution and a solid foundation
for the future development of our almost 100-year-old company. DKSH’s
global platform makes the company an ideal new owner. Beyond ensuring
the successful continuation of our business, DKSH will provide our clients
and customers the opportunity for regional expansion and access to a
larger product portfolio. ”
Andreas Jennow’s well-regarded management team stays with DKSH, will
lead the operations in the Nordics and in the Baltics and strengthens the
Business Unit organization further.
Thomas Sul, Co-Head Business Unit Performance Materials at DKSH,
said: “The acquisition is an important milestone in complementing our
position as a leading Market Expansion Services provider with panregional
coverage not only in Asia but also in Europe. Through the
acquisition we are able to provide our clients better access to the Nordics.
In addition, Andreas Jennow’s clients can now use the international DKSH
network which enables them to grow their business faster. This is a winwin
situation for all clients and customers.”
DKSH is the leading Market Expansion Services provider with a focus on
Asia. As the term “Market Expansion Services” suggests, DKSH helps
other companies and brands to grow their business in new or existing
markets. Publicly listed on the SIX Swiss Exchange since March 2012,
DKSH is a global company headquartered in Zurich. With 750 business
locations in 35 countries – 720 of them in Asia – and 27,600 specialized
staff, DKSH generated net sales of CHF 9.8 billion in 2014. In 2015, DKSH
celebrates its 150th anniversary. With strong Swiss heritage, the company
has a long tradition of doing business in and with Asia and is deeply rooted
in communities and businesses across Asia Pacific.
DKSH Business Unit Performance Materials is a leading specialty
chemicals distributor and provider of Market Expansion Services for
performance materials, covering Europe, North America and the whole of
Asia. The Business Unit sources, develops, markets and distributes a wide
range of specialty chemicals and ingredients for pharmaceutical, personal
care, food & beverage as well as various industrial applications. In addition,
it creates innovative and cutting-edge concepts and applications in 27
innovation centers located worldwide. With 100 business locations in 27
countries and around 950 specialized staff, Business Unit Performance
Materials generated net sales of CHF 780 million in 2014.
For further information please contact:
DKSH Holding Ltd.
Head Investor & Media Relations
Phone +41 44 386 7315
Phone +41 44 386 7228