DKSH Business Unit Performance Materials, a specialty chemicals and ingredients distributor, has acquired Dols International, a specialty chemicals distributor based in the Netherlands.

The transaction is said to be in line with DKSH’s accelerated acquisition strategy, strengthened since 2017.

In its Performance Materials business, DKSH provides distribution and sourcing services for the specialty chemicals, personal care, pharmaceutical and food and beverage industries. Performance Materials is the only Business Unit in DKSH with a distribution business both in Europe and Asia. Following acquisitions in Spain, Portugal and the Nordics in recent years, this transaction is described as another step for DKSH to complement its European market coverage

Founded in 1989, Dols International focuses on marketing, sales and distribution of specialty chemicals in Benelux, which represents a white spot in Europe for DKSH’s Business Unit Performance Materials. Dols’ product portfolio includes pigments, binders and additives for use in paints, coatings, adhesives, plastics and construction applications. The company also formulates products in its in-house laboratory, which will convert to a DKSH innovation centre, expanding the network to 40 innovation centers worldwide. Dols already represents several leading international clients and serves more than 200 customers.

Dols International’s specialty chemicals distribution business generates net sales of almost CHF 10 million and us profitable. DKSH is acquiring 100% of the business and expects the acquisition to be immediately earnings accretive. The current management team of the business and its employees will join DKSH’s Business Unit Performance Materials.