DKSH expands materials business into USA and Canada
22 September 2022 12:24
DKSH has signed an agreement for the acquisition of Terra Firma, a distributor of specialty chemicals in North America. With this, DKSH is expanding its platform of the performance materials business unit to the USA and Canada. According to a press release, this is “an important step in DKSH's strategy to build a global distribution platform for specialty chemicals and ingredients”.
Terra Firma comprehensively supplies the North American continent in the key segments of CASE (coatings, adhesives, sealants, and elastomers), plastics and construction, agrochemicals, health and nutrition, as well as personal care. DKSH plans to bring its expertise in the distribution of life science ingredients and further expand into the areas of food, pharmaceuticals, and personal care.
With approximately 100 employees, Terra Firma anticipates net sales of around 240 million US dollars in 2022. It has offices in Los Angeles, Dallas, Baltimore, and Toronto. CEO of DKSH Stefan Butz commented: “Expanding our presence in the North American market has been a strategic focus for our Performance Material business.” He added: “The Terra Firma acquisition is a milestone in the transformation of DKSH Performance Materials to becoming a global player.”