IMCD strengthens South Korea footprint with acquisition of Dong Yang FT
This acquisition is strategic for IMCD as it will strengthen its presence in South Korea.
SOUTH KOREA – Speciality chemicals distributor IMCD has signed an agreement to acquire 100% of the shares in Dong Yang FT Corp., a South Korean distributor of high-quality cosmetic ingredients.
This acquisition is strategic for IMCD as it will strengthen its presence in South Korea, one of the most innovative and largest beauty markets globally, known for being a trendsetter and exporter of beauty products.
The acquisition is expected to close in the first quarter of 2026, subject to customary regulatory approvals.
Seung-Ho Cha, Founder and CEO of Dong Yang FT, expressed confidence in joining IMCD stating, “This is an important milestone for us and a moment to thank our team for everything they have achieved so far.”
“We are proud of the trust we have built with customers and partners, and we are confident that joining IMCD will help us take this to the next level.”
“With their global reach and resources, we can grow faster while staying true to the values that shaped our journey.”
Founded in 2009 and headquartered in Seoul, Dong Yang FT serves the beauty and personal care sector with a team of 14 employees and an R&D laboratory, emphasizing supplier and customer satisfaction through sustainable partnerships and rapid response to market trends.
the company offers a portfolio that includes UV filters, emollients, thickeners, and bio-actives.
In 2024, Dong Yang FT reported revenues of approximately KRW 55.3 billion(USD 38.91 million).
IMCD H1 FY25 financialhighlight
IMCD reported an operating EBITA of EUR 275 million(USD 320.40 million) for the first half of 2025, reflecting a 2% increase compared to the same period in 2024.
Gross profit for the period rose by 5% to EUR 634 million(USD 738.90 million), supported by a mix of organic growth and the impact of acquisitions.
Revenue for the first half of 2025 reached EUR 1,065.1 million(USD 1,241.37 million), up 4% from EUR 1,024.1 million(USD 1,193.47 million) in the previous year, driven by both organic growth (+2%) and contributions from acquisitions (+2%).
Despite the revenue and profit growth, free cash flow decreased to EUR 173 million(USD 201.56 million) from EUR 221 million(USD 257.48 million) in the first half of 2024.
Cash earnings per share also declined from EUR 3.23(USD 3.76) to EUR 2.94(USD 3.42).
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