DKSH is set to acquire Zircon-Swis, a well-established food service provider in Singapore, to enhance its presence in the local market and capitalize on growth opportunities within the food service segment.

Target Information

Zircon-Swis is a prominent food service distributor based in Singapore, boasting over 20 years of experience in the industry. Specializing in sourcing premium ingredients, the company ensures a consistent supply of high-quality products for the HORECA (Hotels, Restaurants, and Catering) sector. With an annual net sales figure of approximately CHF 8 million, Zircon-Swis operates under attractive profit margins. DKSH aims to acquire the entire operations of Zircon-Swis, fully integrating the company into its framework while retaining the existing management team and employees, who will become integral to DKSH's Business Unit Consumer Goods.

Stephanie Yeo, Managing Director at Zircon-Swis, emphasized the potential of this partnership, stating, "Joining DKSH allows us to take our strong local foundation to the next level. With our focus on reliable sourcing and high-quality products, we are well positioned to grow within DKSH’s network and further support Singapore’s food service industry."

Industry Overview in Singapore

Singapore's food service industry has witnessed significant growth in recent years, driven by a booming tourism sector and a rising demand for diverse dining experiences. The HORECA channel comprises a substantial portion of the market,