DyStar acquires specialty chemical businesses from Emerald Performance Materials
DyStar LP, the US subsidiary of DyStar Global Holdings (Singapore) Pte. Ltd, a company engaged in textile industry, announced that it has completed the acquisition of the three specialty chemical units (Carolina Chemical, Hilton Davis, and Foam Control) of Emerald Performance Materials LLC, a US company and manufacturer and marketer of specialty chemicals for consumer and industrial markets that is majority-owned by affiliates of American Securities LLC.
DyStar LP will integrate all three specialty businesses and manufacturing sites into their US business platform.
“The acquisition strengthens DyStar’s position as a specialty chemical manufacturer in the USA as well as builds a diversified product portfolio to launch on our global platform,” said Ruan Weixiang, the Chairman of DyStar Group.
By combining the businesses, DyStar adds a broad range of products to their portfolio to service multi-national retail brands and consumer brands. This will provide a more balanced business in strategic segments ensuring the long term growth and profitability of DyStar.
Other news from the department business & finance
