DKSH has agreed to acquire Zircon-Swis Fine Foods Pte Ltd, a Singaporean food service distributor, to enhance its presence in the Asia Pacific food service market.

Information on the Target

DKSH has signed an agreement to acquire Zircon-Swis Fine Foods Pte Ltd, a prominent food service distributor in Singapore with over 20 years of industry experience. This acquisition marks another strategic move for DKSH as it aims to enhance its food service operations in the Asia Pacific region, leveraging Zircon-Swis's established market presence and expertise.

Zircon-Swis specializes in sourcing premium ingredients and maintaining a steady supply of high-quality products to various sectors within the HORECA channel, which includes airline catering, hotels, restaurants, and catering services. The company reports annual net sales of approximately CHF 8 million, bolstered by healthy profit margins. Upon completion of the acquisition, DKSH will integrate Zircon-Swis fully into its operations while retaining the current management team and workforce, ensuring continuity and local market knowledge.

Industry Overview

The food service industry in Singapore has been experiencing significant growth, driven by an increasing demand for high-quality dining experiences and a diverse culinary landscape. The co