July 5 2015, David R Brown
DKSH acquires Andreas Jennow, a top-ranking specialty chemicals distributor in Northern Europe
DKSH has announced the acquisition of Andreas Jennow, a top-ranking specialty chemicals distributor in Northern Europe, with immediate effect. 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 distribution industry.
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
Thomas Sul
Co-Head Business Unit Performance Materials at DKSH
Founded in 1916 and with net sales of around CHF 30 million 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 a full range of products for the specialty chemicals and personal care industries.
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.” Andreas Jennow's management team will be retained by DKSH and will further strengthen the Business Unit's organisation in the region.
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 pan-regional 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.”
About DKSH Business Unit Performance Materials
DKSH Business Unit Performance Materials is a leading specialty chemicals distributor for performance materials, covering Europe, North America and 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.
Source(s): DKSH Press Release
Further Information
Visit: http://www.dksh.com