IMCD has inked a deal to acquire 100% of the shares in Dong Yang, a South Korean distributor of cosmetic ingredients.
Founded in 2009 and based in Seoul, South Korea, Dong Yang reported revenues of 55.3 billion Korean won ($38.9m) in 2024.
With a team of 14 people and an R&D laboratory, IMCD said the acquisition Dong Yang will bolster its presence in South Korea and broaden its product offering for the beauty and personal care markets.
Dongjoon Lee (pictured, left), managing director of IMCD in South Korea, said: “Their expertise, portfolio and strong technical and formulation know-how are a perfect fit with our strategy and will help us deliver solutions tailored to the highly globalised beauty market in South Korea, where innovation sets the pace.
“With this addition, we will be able to strengthen our position in South Korea and offer even more opportunities for growth to our teams, suppliers and customers.”
The transaction is subject to regulatory closing conditions and is expected to close in the first quarter of 2026.
“This is an important milestone for us and a moment to thank our team for everything they have achieved so far,” said Seung-Ho Cha (pictured, right), founder and CEO of Dong Yang.
“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.”
