DKSH Acquires Dutch Dols International
31st May 2019
Swiss distributor and market services group DKSH has acquired Dols International, a privately-owned Dutch distributor of specialty chemicals and ingredients, based in Roermond. It is DKSH’s second deal this year.
Dols is focused on markets in the Benelux countries, which DKSH said represented a “white spot” in Europe for its Performance Materials business unit.
Dols’ product portfolio includes pigments, binders and additives for use in paints, coatings, adhesives, plastics and construction applications. It also formulates products in its own laboratory, which DKSH plans to convert to an innovation center, expanding its network to 40 centers around the world.
DKSH did not reveal the purchase price, but noted that Dols generates annual net sales of nearly 10 million Swiss francs at “sound” profitability. The Zurich-based group expects the acquisition to be immediately accretive to earnings.
The management team and staff of Dols will join DKSH’s Performance Materials division, the only business unit in the company that has a distribution business both in Europe and Asia.
“The value-accretive acquisition of Dols International marks an exciting and important step in strengthening our position as a specialty chemicals distributor in Europe,” said Thomas Sul, co-head of DKSH’s Performance Materials business unit. “As with earlier acquisitions, this local setup will be synergistic for our industrial chemicals business and establish a basis for expanding into the personal care, food and pharma industries.”
Photo: © DKSH
DKSH has acquired Dols International, a privately-owned Dutch distributor of specialty chemicals and ingredients.
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