DKSH has signed an agreement to acquire Elite Organic Sdn. Bhd. (Elite Organic) in Malaysia today. The acquisition enables DKSH Performance Materials to expand 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.

Elite Organic, established in 1995 and offering value-added ingredients and services to the pharmaceutical, food, and nutraceutical industries, generates net sales of over CHF 5 million at sound profitability and return on capital.

Phoon Khye Wang, President at Elite Organic, commented: "By consistently delivering value an 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.