DKSH creates a scalable platform with the acquisition of Terra Firma for growing its presence in Performance Materials in North America, said the company.
Terra Firma has national coverage in the USA and Canada and is representing premier suppliers in its core segments of Coatings, Adhesives, Sealants, and Elastomers (CASE), plastics and construction, agrochemicals, health and nutrition, as well as personal care.
The addition of a strong player in the North American Industrial speciality chemicals distribution sector is a major contribution to DKSH's Performance Materials business and is complementary to DKSH's existing speciality industrial business globally.
Terra Firma currently operates with around 100 highly skilled professionals across the region and has offices in Los Angeles, Dallas, Baltimore, and Toronto. Terra Firma expects net sales of around $240 M in 2022. The transaction, which is expected to close towards the end of year, will be valued at USD360 M enterprise value.
DKSH will acquire at least 80% of Terra Firma with the remainder held by the company's existing management team. The transaction is EPS-accretive and will be financed via debt and cash.
As per MRC, specialty chemicals producer Elementis (London, UK) says it has entered an exclusive distribution agreement with DKSH (Zurich, Switzerland), a holding company specializing in market expansion services, for personal care applications in the French market. The two companies have a 40-year relationship and, under the terms of the new agreement, DKSH will provide sales and marketing, distribution, logistics, and customer management for Elementis’s entire range of specialty ingredients for personal care products.
mrchub.com