DKSH acquires chemicals distributor Andreas Jennow in northern Europe

DKSH acquires chemicals distributor Andreas Jennow in northern Europe

3:38 PM, 9th July 2015
DKSH acquires chemicals distributor Andreas Jennow in northern Europe

ZURICH, SWITZERLAND: DKSH Holding AG said it has acquired 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 and complements its market leadership in Asia.

The performance materials business unit provides distribution services for 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. 

Andreas Jennow’s management team stays with DKSH, will lead the operations in the Nordics and in the Baltics and strengthens the business unit organization further.

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.

“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,” said Peter From, managing director, Andreas Jennow.

“The acquisition is an important milestone in complementing our position as a leading Market Expansion Services provider with pan-regional coverage not only in Asia but also in Europe,” said Thomas Sul, co-head business unit performance materials, DKSH.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Evonik starts up metal powder catalysts pilot plant in China

ESSEN, GERMANY: Evonik Industries AG said it has completed the construction and commissioning of a new pilot plant for precious metal powder catalysts ...

Read more
Saudi Aramco improves Berri ethane gas plant efficiency

DHAHRAN, SAUDI ARABIA: Saudi Aramco said that the Berri gas plant department has successfully commissioned a new, more efficient ethane liquefaction e ...

Read more
Rosneft to buy 49 pc stake in Essar’s Vadinar refinery in India

MOSCOW, RUSSIA: Rosneft chairman of the management board Igor Sechin and Essar Group founder Shashi Ruia signed a long-term contract for oil supplies ...

Read more
Bayer CropScience, Evonik to invest more than $200 million in US

MOBILE, US: Bayer CropScience AG said in partnership with Evonik Industries AG it plans to invest more than $200 million, to construct two chemical ma ...

Read more
Linde to install world’s largest on-site fluorine plant in South Korea

SAN FRANCISCO, US: Linde Electronics and Specialty Gases, affiliate of Linde North America, member of Linde Group, said it will install a new on-site ...

Read more
Former Yara CEO and executives sentenced to prison in corruption case

OSLO, NORWAY: A Norwegian court sentenced four former top executives at Yara International ASA, the world’s biggest nitrate fertiliser make ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X