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



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