IMCD to acquire Dong Yang FT to strengthen position in beauty and personal care in South Korea

Core Insights - IMCD N.V. has signed an agreement to acquire 100% of Dong Yang FT Corp., a distributor of cosmetic ingredients based in South Korea [1][3]. Company Overview - IMCD is a global leader in the distribution and formulation of specialty chemicals and ingredients, headquartered in Rotterdam, Netherlands, with a focus on sustainable value addition to the supply chain [5][6]. - Dong Yang FT, founded in 2009, specializes in high-quality cosmetic ingredients and reported revenues of KRW 55.3 billion (approximately EUR 34 million) in 2024 [2][3]. Strategic Implications - The acquisition will enhance IMCD's presence in South Korea, a significant market known for its innovation in beauty and personal care products [3][4]. - Dong Yang FT's expertise and strong technical capabilities align with IMCD's strategy to provide tailored solutions in the globalized beauty market [4]. Market Context - South Korea is recognized as one of the largest and most innovative beauty markets globally, serving as a trendsetter and exporter of beauty products [3]. Transaction Details - The acquisition is subject to customary regulatory closing conditions and is expected to finalize in the first quarter of 2026 [4].