08.04.2024 07:00:28 - dpa-AFX: EQS-News: DKSH Performance Materials Expands its Life Science Business in Malaysia by Acquiring Elite Organic Sdn. Bhd. (english)

DKSH Performance Materials Expands its Life Science Business in Malaysia by
Acquiring Elite Organic Sdn. Bhd.

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   DKSH Management Ltd. / Key word(s): Takeover
   DKSH Performance Materials Expands its Life Science Business in
   Malaysia by Acquiring Elite Organic Sdn. Bhd.
   08.04.2024 / 07:00 CET/CEST
     ____________________________________________________________


Media release

DKSH has today announced to have signed an agreement to acquire Elite
Organic Sdn. Bhd. (Elite Organic) in Malaysia today. With this transaction,
DKSH Performance Materials expands its capabilities in the highly attractive
pharmaceuticals, foods, and nutraceutical markets, and strengthens its
position as a leading specialty chemicals and ingredients distributor in
Asia Pacific.

Zurich, Switzerland, April 8, 2024 - Through the acquisition of Elite
Organic, DKSH Performance Materials secures a well-positioned business with
an excellent track record of approximately 30 years as a trusted supplier
for top-tier pharmaceutical, health supplement, and food manufacturers in
Malaysia and Singapore.

Elite Organic was established in 1995 and provides value-added ingredients
and services to the pharmaceutical, food, and nutraceutical industries.
Elite Organic represents world-renowned manufacturers from Europe, the US,
Japan, and Asia. This acquisition is a unique opportunity for DKSH to
further expand our highly attractive life science business in Asia Pacific.

Elite Organic generates net sales of over CHF 5 million¹ at sound
profitability and return on capital. DKSH will acquire the entire business
and fully integrate the company into its existing operations.

Phoon Khye Wang, President at Elite Organic, commented: 'By consistently
delivering value and maintaining strong relationships with customers and
suppliers, Elite Organic has earned an excellent market reputation over
around 30 years. By joining DKSH, we will be able to further strengthen our
strong position and expand our presence in the resilient life science
industries.'

Thomas Sul and Natale Capri, Co-Heads Business Unit Performance Materials at
DKSH, jointly added: 'We are very pleased to acquire Elite Organic, which
offers a strong product portfolio with excellent growth prospects in
Malaysia. We warmly welcome Mr. Phoon and his team at Elite Organic and look
forward to further developing the business together.'

The closing of the transaction is expected during the second quarter of 2024
and is subject to customary closing conditions.

¹ Exchange rate 1 Swiss Franc / 5.47 Malaysian Ringgit

About DKSH
DKSH's purpose is to enrich people's lives. For almost 160 years, DKSH has
been delivering growth for companies in Asia and beyond across its Business
Units Healthcare, Consumer Goods, Performance Materials, and Technology. As
a leading Market Expansion Services provider, DKSH offers sourcing, market
insights, marketing and sales, eCommerce, distribution and logistics as well
as after-sales services. DKSH is a participant of the United Nations Global
Compact and adheres to its principles-based approach to responsible
business. Listed on the SIX Swiss Exchange, DKSH operates in 35 markets with
29,040 specialists, generating net sales of CHF 11.1 billion in 2023. DKSH
Business Unit Performance Materials distributes specialty chemicals and
ingredients for food, pharmaceutical, personal care, and various industrial
applications. With 53 innovation centers and regulatory support worldwide,
DKSH creates cutting-edge formulations that comply with local regulations.
With around 1,600 specialists, the Business Unit generated net sales of CHF
1.4 billion in 2023. www.dksh.com/pm

For more information please contact:

DKSH Holding Ltd.

Till Leisner
Head, Group Investor & Media Relations
Phone +41 44 386 7315
till.leisner@dksh.com

Melanie Grüter
Manager Group Media Relations
Phone +41 44 386 7211
melanie.grueter@dksh.com


News Source: DKSH Management AG

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   End of Media Release
     ____________________________________________________________


   Language:    English
   Company:     DKSH Management Ltd.
                Wiesenstrasse 8
                8008 Zurich
                Switzerland
   Phone:       044 386 72 72
   E-mail:      media@dksh.com
   Internet:    www.dksh.com
   ISIN:        CH0126673539
   Valor:       12667353
   Listed:      SIX Swiss Exchange
   EQS News ID: 1874805



   End of News EQS News Service
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1874805 08.04.2024 CET/CEST

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