IMCD Acquires Dong Yang FT, Entering the Korean Beauty Sector

IMCD, a global partner specializing in the distribution and formulation of specialty chemicals and ingredients, has signed an agreement to acquire 100% of Dong Yang FT.

Founded in 2009 and headquartered in Seoul, South Korea, Dong Yang FT is a distributor of high-quality cosmetic ingredients, partnering with cosmetic manufacturers in the beauty and personal care sectors. Dong Yang FT's revenue was projected to be 55.3 billion Korean Won (approximately €34 million) in 2024.

The acquisition will help IMCD strengthen its presence in South Korea and expand its product offerings in the beauty and personal care market. South Korea is one of the most innovative and largest beauty and personal care markets in the world, a global exporter of beauty products, and a recognized trendsetter.

Dongjoon Lee, Managing Director of IMCD Korea, said, "We are delighted to welcome Dong Yang FT to our team. Their expertise, product portfolio, and strong technical and formulation expertise align perfectly with our strategy and will help us deliver tailored solutions to the highly globalized Korean beauty market, where innovation is leading the way. This acquisition will strengthen our position in Korea and provide further growth opportunities for our team, suppliers, and customers."

Seung-Ho Cha, Founder and CEO of Dong Yang FT, said, "This is a significant milestone for us and a time to thank the team for all they have accomplished to date. We are proud of the trust we have built with our customers and partners and are confident that joining IMCD will help us reach even greater heights. With their global reach and resources, we can grow faster while remaining true to the values that have shaped our journey."

The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2026.