Kiri Acquires DyStar North America
The DyStar Companies in North America are currently owned by Platinum Equity, USA. Headquartered in Charlotte, North Carolina, DyStar North America with its sales organization and Color Solutions International runs also a production site and warehouse in Reidsville, North Carolina, and a warehouse in Southgate, California. The company employs 126 people. With textile dyes from DyStar and textile auxiliaries as well as leather chemicals produced in Reidsville, DyStar North America has a revenue of greater than 100 million US dollars.
For the DyStar shareholder, the acquisition makes perfect sense. Manish Kiri, Co-Chairman of the DyStar Group: “It is our intention to build a sustainable global DyStar organization. For that, we need a powerful sales organization in North and Central America and maintain the retailer connection.”
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.