By: ICN Bureau
Last updated : May 21, 2025 8:42 am
The acquisition enables DKSH Performance Materials to further scale the presence in both markets based on a diversified client and customer base
DKSH has announced that it signed an agreement to acquire APN Plastics, a specialty polymers distributor, operating in Australia and Malaysia. Through the acquisition, DKSH is offering a great extension to its Business Line Specialty Chemicals in Australia and Malaysia.
APN Plastics, founded in Melbourne in 2005 and expanded to Malaysia in 2015, serves around 270 customers across Australia, China, Malaysia, Singapore, and Taiwan. The company has a highly diversified customer base across various markets, such as medical, infrastructure, transportation, consumer appliances, specialty packaging, and irrigation, and is well-known for its extensive technical knowledge in the biomedical and engineering plastics sector.
APN Plastics generates annual net sales of more than CHF 25 million1. DKSH will acquire the entire business and fully integrate the company into its existing operations.
Ian Hoult, Founder and Managing Director of APN Plastics, commented: “APN Plastics has spent two decades building strong, strategic relationships across the specialty polymer distribution industry. Joining DKSH marks a significant step forward in accelerating our growth and global presence.”
Thomas Sul and Natale Capri, Co-Heads Business Unit Performance Materials at DKSH, jointly commented: “We are pleased to have APN Plastics on board, to add new capabilities, and to further scale our presence in Australia and Malaysia. We warmly welcome the team and look forward to growing the business together in Asia Pacific and beyond.”
The closing of the transaction is expected during the second quarter of 2025 and is subject to customary closing conditions.