The distributor and formulation expert of specialty chemicals and ingredients, has signed an agreement to acquire 100% of the shares in Dong Yang FT, a Seoul-headquartered distributor cosmetic ingredients.
Founded in 2009, Dong Yang FT is working with cosmetic manufacturers across the beauty and personal care sector in South Korea. With a team of 14 people and an R&D laboratory, the company has built sustainable partnerships with several local players and has demonstrated its ability to respond quickly to market trends.
In 2024, Dong Yang FT reported revenues of KRW 55.3 billion (around EUR 34 million or USD 39.7).
IMCD said this acquisition will help the group strengthen its presence in South Korea and broaden its product offering for the beauty and personal care markets.
“We are excited to welcome Dong Yang FT to our business. 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,” commented Dongjoon Lee, Managing Director of IMCD in South Korea.
The transaction is subject to customary regulatory conditions and is expected to close in the first quarter of 2026.
