Breaking News on Supplements, Health & Nutrition - Europe US edition | APAC edition

Trends > Financial plays

Asian specialist buys Swiss ingredients business


Asian specialist buys Swiss ingredients business

DKSH’s Performance Materials unit has paid undisclosed sum for Swiss ingredients and chemicals firm Staerkle & Nagler, as the Asian player moves to boost its European presence.

Staerkle & Nagler has revenue of about €16.5m and trades in a wide variety of chemicals, food additives, processing aids and nutrients.

It services the food and beverage, personal care, cosmetics, and pharmaceuticals sectors in 26 countries, but is particularly strong in Austria, DKSH spokesperson, Joerg Neef, told us.

“It’s a good expansion for us in markets where we are not very active like Austria,” Neef added.

“We are known for our Asian, south east Asian presence where we do 90% of our business, so this is an interesting expansion for us even if the EU market is flat at the moment.”

Hans Strickler, owner and managing director of Staerkle & Nagler, said: “For us, the partnership with DKSH is an ideal succession solution. With this transaction, we a creating a solid foundation for the speedy forward development of our almost 70-year-old company.”

Dr Joerg Wolle, president and CEO of DKSH Holding, added: “We are well positioned to exploit our market leadership as the industry consolidator in our still highly fragmented industry. Both in Europe and Asia, there are promising opportunities to strategically complement our strong organic growth through bolt-on acquisitions.”

Live Supplier Webinars

Polyphenols tipped to become the way to innovate in Sports Nutrition
Orally bioavailable standardized botanical derivatives in sport nutrition: special focus on recovery in post-intense physical activities
Collagen in motion: move freely and keep your injuries in check
Leading manufacturer of gelatine and collagen peptides
Life’s too short for slow proteins. Whey proteins hydrolysates: Fast delivery for enhanced performance
Arla Foods Ingredients
What it Takes to Compete and Win in Today’s Sports Nutrition Market
Sports Nutrition Snapshot: Key regional drivers and delivery format innovations
William Reed Business Media
Gutsy performance: How can microbiome modulation help athletes and weekend warriors
William Reed Business Media
Pushing the boundaries: Where’s the line between ‘cutting edge nutrition’ and doping
William Reed Business Media
Alpha & Omega in Sports Nutrition – Using Omega 3’s and A-GPC to improve performance and recovery.
KD Pharma

On demand Supplier Webinars

High-amylose maize starch may reduce the risk of type 2 diabetes: what does this qualified health claim mean?
Balancing Innovation and Risk in Sports Nutrition Ingredients
Explaining bio-hacking: is there a marketing opportunity for food companies?
William Reed Business Media
Personalized Nutrition – how an industry can take part in shaping the future of Nutrition
BASF Nutrition & Health
Find out Nutritional and ingredient lifecycle solutions and strategies!
Is the time rIpe for I-nutrition?
William Reed Business Media
The Advantage of Outsourcing Fermentation-based Manufacturing Processes
Evonik Health Care
All supplier webinars