The transaction is the largest acquisition since the merger of DKSH in 2002 and underlines DKSH’s strategy to acquire complementary and high-margin businesses. The consumer goods distribution business of Auric Pacific generates net sales of around CHF 185 million with an operating profit (EBIT) of approximately CHF 14 million. Zurich, Switzerland, March 29, 2019 – DKSH has successfully completed the acquisition of the consumer goods distribution business of Auric Pacific in Singapore and Malaysia. var theDate = new Date(); The Swiss trading conglomerate paid RM480.9 million for Auric Pacific, which is involved in the distribution of chilled and frozen products such as Buttercup spread and SCS butter. We look forward to welcoming the new employees to the DKSH family.”, ¹ Exchange rate Singapore dollar / Swiss franc: 1.38. , THIS year was going to be when DKSH Holdings (M) Bhd reaped the full benefits from its acquisition of smaller rival Auric Pacific (M) Sdn Bhd and its investment in an efficiency improvement project. This further strengthens the market position of DKSH and underlines our confidence for the long-term development of our Consumer Goods business. DKSH is the leading Market Expansion Services provider with a focus on Asia.  {{item['V2 Header']}}. (INCLUDING DRIED OR CANNED). DKSH intends to fund the proposed acquisition through its own funds and bank borrowings. KUALA LUMPUR (Dec 21): DKSH Holdings (M) Bhd is acquiring the entire equity interest in chilled and frozen products distributor Auric Pacific (M) Sdn Bhd for an initial price of S$157.67 million (RM480.91 million) from Singapore-based Auric Pacific Group Ltd (Auric Group) to complement its existing fast moving consumer goods (FMCG) market expansion services. The Business principal activity is in WHOLESALE OF FOOD, BEVERAGES AND TOBACCO N.E.C. 5. DKSH, which is involved in the fast moving consumer goods, said in a filing with Bursa Malaysia yesterday it was acquiring the company from Singapore-based Auric Pacific Group Ltd. Auric distributes chilled and frozen products in Malaysia. The transaction is the largest acquisition since the merger of DKSH in 2002 and underlines DKSH’s strategy to acquire complementary and high-margin businesses. DKSH is acquiring 100% of this business in Singapore and Malaysia for a consideration of around CHF 160 million.¹ The business will be fully consolidated as per April 1, 2019. From the latest financial highlights, Dksh Manufacturing Sdn Bhd reported a net sales revenue drop of 21.38% in 2019. Discover why we are the trusted partner for companies looking to grow their business in Asia and beyond. DKSH, 100% Zurich, Switzerland, March 29, 2019 - DKSH has successfully completed the acquisition of the consumer goods distribution business of Auric Pacific in Singapore and Malaysia. 1. You are now leaving our website. Business DKSH’s portfolio of services includes sourcing, market insights, marketing and sales, distribution and logistics as well as after-sales services. $(document).ready(function () { DKSH has completed the acquisition of the consumer goods distribution business of Auric Pacific in Singapore and Malaysia. Dksh Manufacturing Sdn Bhd is a company in Malaysia, with a head office in Shah Alam. By bringing together two highly successful and complementary companies, clients of DKSH and Auric Pacific can benefit from broader market coverage and regional exposure as well as gain access to a wider range of customers. KUALA LUMPUR: DKSH Holdings (Malaysia) Bhd has proposed to acquire the entire equity interest in Auric Pacific (M) Sdn Bhd for about RM480.91 million. — Bernama }) The Business current operating status is live with registered address within the DISTRI WAREHOUSES estate. $('#spanCopyright').text(theDate.getFullYear()) 17 January 2019 (View Media Release in PDF). readers found this article insightful, Copyright © 1995- DKSH has completed the acquisition of the consumer goods distribution business of Auric Pacific in Singapore and Malaysia. View and download DKSH shareholder information and stock prices. M&A: Auric Pacific, CTD and Crossmark (Consumer Goods), Dols and Axieo (Performance Materials) and SPC (Technology) FX : Impact from currency translation on net sales About DKSH DKSH, a company which helps other firms expand their business, on Friday said it has inked a deal to acquire the consumer goods distribution business of Auric Pacific in Singapore and Malaysia for 160 million Swiss francs (S$220.8 million). In addition, DKSH will be able to acquire Auric Pacific’s business of manufacturing melange, which will create additional income stream for DKSH group of companies. Auric Pacific distributes products to about 4,400 customers in Singapore and Malaysia. This represents a gateway for DKSH to further increase its product portfolio which creates a synergy effect and is expected to generate positive earnings to the company. Stefan P. Butz, CEO of DKSH, said: “We are proud to close the largest acquisition since the merger of DKSH in 2002. As a services company, people are our greatest asset. With this move, DKSH increases its exposure to the high-margin food service business and expands its presence in the consumer goods industry in Asia. SINGAPORE – DKSH, a company which helps other firms expand their business, on Friday (Dec 21) said it has inked a deal to acquire the consumer goods distribution business of Auric Pacific in Singapore and Malaysia for 160 million Swiss francs (S$221 million). In order to strengthen the Consumer Goods Business Unit, the corresponding business of Auric Pacific in Malaysia and Singapore was acquired for CHF 160 million on April 1, 2019. The Group helps other companies and brands to grow in the Consumer Goods, Healthcare, Performance Materials and Technology sectors. DKSH, a company that helps other firms expand their business, yesterday said it has inked a deal to acquire the consumer goods distribution business of Auric Pacific … Read about Star Media Group's progress together with exclusive stories with our partners.  {{item['V1 Body']}} DKSH announced the acquisition in December 2018 and has now closed it according to plan. Auric was formerly listed on the SGX and was subsequently privatised by the Riady Family in 2017. DKSH successfully closes acquisition of Auric Pacific ’s distribution business. LTD. was incorporated on 26 January 1995 (Thursday) as a Private Company Limited by Shares in Singapore. Publicly listed on the SIX Swiss Exchange, the Group operates in 35 markets with 33,000 specialists, generating net sales of CHF 11.3 billion in 2018. the proposed acquisition is expected to contribute positively to the earnings of the enlarged DKSH group with the expected income from the Auric Pacific group in the near future. CCCS Consults on the Proposed Acquisition by DKSH Holding (S) of Auric Pacific Marketing and Centurion Marketing. Auric is a Singapore incorporated investment holding company with businesses which include food manufacturing amongst others. Shareholders in Malaysia voted with a clear majority in favor of the transaction at the Extraordinary General Meeting late February this year. DKSH MARKETING SERVICES PTE. KUALA LUMPUR: DKSH Holdings (Malaysia) Bhd is buying Auric Pacific (M) Sdn Bhd from its Singapore shareholder for S$157.67mil (RM480.9mil) cash consideration as it seeks to expand its services. With its strong Swiss heritage and long business tradition since 1865, DKSH is deeply rooted in Asia Pacific. Star Media Group Berhad (10894D), {{item['V1 Header']}} Auric Group is a Singapore incorporated and its subsidiaries are involved in a diverse range of businesses, which includes the distribution of FMCG, food manufacturing and retailing, restaurants as well as food court management. KUALA LUMPUR: DKSH Holdings (Malaysia) Bhd's proposed purchase of Auric Pacific (M) Sdn Bhd (APMSB) from its Singapore shareholder for S$157.67mil (RM480.9mil) cash is “fair and reasonable”, the independent adviser to minority shareholders said. The Auric Pacific deal was DKSH Malaysia’s first acquisition since McLaren joined the group five years ago. With this move, DKSH increases its exposure to the high-margin food service business and expands its presence in the consumer goods industry in Asia.