DyStar L.P. Acquires Anglostar LLC and Subsidiaries
Mr. Ruan Weixiang, Chairman of the Lonsheng Group and DyStar announced that DyStar completed the acquisition of Anglostar and its subsidiaries Anglostar Colombia, Anglostar Ecuador and Anglostar Peru on 1 October 2012. Since 30 March 2010, Anglostar was the exclusive distributor for DyStar products in the Andean region.
“The acquisition of Anglostar is a pivotal move to accelerate the rapid growth that we are experiencing in 2012 in the Andean region,” commented Ron Pedemonte, President of DyStar Americas. He continued: “We have been working very closely with the Anglostar management team since 2010 to help them develop and build their regional foundation. The combination of Anglostar’s excellent team and DyStar’s financial power will provide the Andean customers a strong and long-term supplier of dyes, chemicals, and services.”
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