DKSH has announced the acquisition of New Zealand’s leading independent beauty product distributor CS&Co. today. With the acquisition, DKSH Business Unit Consumer Goods strengthens its capabilities in the growing beauty sector in New Zealand.
Zurich, Switzerland, September 18, 2023 – Through the acquisition of CS&Co., DKSH Consumer Goods obtains a uniquely positioned business of meaningful scale with longstanding relationships in a market with accretive margins.
CS&Co. is a full service, multi-brand distributor of some of the world’s most prestigious brands covering skin and hair care as well as the health and home segment. Headquartered in New Zealand, CS&Co. has over 45 years of experience with more than 50 global and local brands in its portfolio.
CS&Co. generates net sales of over CHF 35 million at sound profitability and return on capital. DKSH will acquire the business and fully integrate the company and its employees into its existing operations. This acquisition is in line with DKSH’s focus to expand and strengthen its beauty care business.
Donna Kinnane, CEO at CS&Co., commented: "With a consistent focus on delivering value and maintaining strong relationships with customers and suppliers, CS&Co. maintains a significant number of successful brand partnerships that have spanned multiple decades. By joining DKSH, we will be able to further strengthen our leading position."
Chris Ritchie, Head Business Unit Consumer Goods at DKSH, commented: “I am excited with the acquisition. The business fits well into our strategy to expand our beauty care business in New Zealand, which offers customers and clients a strong product portfolio with excellent growth prospects. We warmly welcome all CS&Co. employees.”
The closing of the transaction is expected during the fourth quarter and is subject to certain conditions.
About DKSH
DKSH’s purpose is to enrich people’s lives. For more than 150 years, we have been delivering growth for companies in Asia and beyond across our Business Units Healthcare, Consumer Goods, Performance Materials, and Technology. As a leading Market Expansion Services provider, we offer sourcing, market insights, marketing and sales, eCommerce, distribution and logistics as well as after-sales services. DKSH is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. Listed on the SIX Swiss Exchange, DKSH operates in 37 markets with 32,600 specialists, generating net sales of CHF 11.3 billion in 2022. The DKSH Business Unit Consumer Goods focuses on fast moving consumer goods, food services, luxury goods, fashion and lifestyle products as well as hair and skin cosmetics. With around 18,850 specialists, the Business Unit generated net sales of CHF 3.7 billion in 2022. www.dksh.com/cg