DKSH Holding AG (SWX:DKSH) signed an agreement to acquire STP on October 5, 2021. The transaction is funded with cash. STP's business generates net sales of around CHF 5 million.

The management team of STP and its employees will join DKSH's Business Unit Consumer Goods. The transaction is subject to certain conditions. Closing of the transaction is expected in the fourth quarter of 2021.

The transaction is immediately earnings accretive for DKSH.