The supplier and formulation specialist of specialized chemicals and constituents has finalized an arrangement to procure 100% of the equity in Dong Yang FT, a distributor of cosmetic components with its main office in Seoul.
Established in 2009, Dong Yang FT collaborates with beauty product producers within the South Korean beauty and personal care domain. With a staff of 14 individuals and an R&D lab, the firm has developed enduring relationships with numerous domestic participants and has proven its aptitude to promptly address market tendencies.
In 2024, Dong Yang FT declared income of KRW 55.3 billion (roughly EUR 34 million or USD 39.7).
IMCD stated that this procurement will assist the group in reinforcing its foothold in South Korea and expand its merchandise assortment for the beauty and personal care industries.
“We are delighted to incorporate Dong Yang FT into our organization. Their proficiency, collection, and robust technical and formulation knowledge are an ideal match for our plan and will enable us to provide customized solutions for the greatly globalized beauty sector in South Korea, where innovation leads the way,” remarked Dongjoon Lee, Managing Director of IMCD in South Korea.
The deal is contingent upon standard regulatory prerequisites and is anticipated to be finalized in the initial quarter of 2026.
