Switzerland-based specialty chemical distributor Staerkle & Nagler has been acquired by market expansion specialist DKSH in a move that aims to compliment its existing performance materials business in Asia.
DKSH has evolved its business in the Asian market, and the company says the acquisition of the European focused business will help it to expand its performance materials business in that market, as well as consoliditing its expanding yet still fragmented market expansion services business.
Staerkle & Nagler is a family owned business based in Zurich, where it has remained a family-run business since 1946 and has an extensive customer base in the specialty chemicals business in Switzerland, Austria and Germany that stretches to several hundred clients.
Leveraging existing business structure
The company, which generated an income of CHF 20.2m in 2011 and includes a team of 12 specialty chemical distribution specialists focused on raw materials for the chemicals industry, will be integrated into the DKSH business in a bid to extend its reach in the Western European specialty chemical distribution market.
DKSH sources, develops, markets and distributes a wide range of specialty chemicals and food ingredients for the food and beverage, personal care and cosmetics, the pharmaceuticals and specialty chemicals industries in 26 countries, including what DKSH refers to as blanket coverage in Asia.
The company says that Staerkle & Nagler will be able to benefit from this extensive coverage of the global market, helping it to extend its reach beyond Europe through DKSH's the expansive network, particularly in the Asian market.
Helping both companies to expand their individual footprint
“This acquisition strengthens our position as a pan-European distributor and is helping us, parallel to our market leadership position in Asia, to strategically extend our network in Europe," said Mario Preissler, who heads the business unit for performance materials at DKSH.
"The Staerkle & Nagler product portfolio optimally suits our existing business operations, while simultaneously expands our network with first-rate suppliers.”
Likewise, the existing Staerkle & Nagle business segments will be integrated into the larger DKSH platform and progressively expanded to exploit business opportunities, both in Europe and Asia.