June 17 2014, David R Brown
DKSH acquires specialty chemicals distributor Zeus Quimica in Iberia
DKSH has announced the acquisition of Zeus Química, a top-ranked specialty chemicals distributor in Spain and Portugal. The move strengthens DKSH Business Unit Performance Materials in Europe, complementing its market leading position in Asia. Zeus Química's established management team will be joining DKSH and will lead the Performance Materials Busines Unit Spanish and Portuguese operations.
Partnership with DKSH is an ideal succession solution
Ramón Vinas
General Manager of Zeus Química
Founded in 1980 and with net sales of more than CHF 50 million, Zeus Química is one of the leading specialty chemicals distribution companies in Spain and Portugal. The company offers a full range of specialty products for the polymers, paints and coatings, personal care, nutrition and pharmaceutical sectors and has been able to increase net sales and profitability even during years of financial crisis on the Iberian Peninsula.
Ramón Vinas, General Manager of Zeus Química comments: “For us, the partnership with DKSH is an ideal succession solution. With this transaction, we are creating a solid foundation for the forward development of our 34-year-old company. DKSH's renowned reputation and global platform makes the company an ideal new owner. ”
Thomas Sul, Co-Head Business Unit Performance Materials at DKSH, says: “The acquisition of Zeus Química is an exciting and important step in strengthening our position as a leading Performance Materials Market Expansion Services provider in Europe. Through the incorporation of Zeus Química into our DKSH platform, our existing partners and clients can now also utilize our service portfolio on the Iberian Peninsula, one of the main chemical and ingredients markets in Europe.”
Financial details of the transaction were not disclosed.
About DKSH
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 90 business locations in 26 countries and around 1,150 specialized staff, Business Unit Performance Materials generated net sales of CHF 770 million in 2013.
Source(s): DKSH Press Rlease
Further Information
Visit: http://www.dksh.com