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Archroma increases its stake in M Dohmen group to 75 pc
10 Sep '17
2 min read
Courtesy: Archroma
Archroma, leader in colour and specialty chemicals, has acquired an additional 26 per cent stake in M Dohmen, an international group specialising in production of textile dyes and chemicals for the automotive, carpet and apparel sectors. Archroma, who acquired 49 per cent shares of M. Dohmen SA in 2014, now owns a controlling 75 per cent stake in the group.
Archroma and M Dohmen are now free to operate as partners in serving the textile market.
As a consequence, Alexander Wessels, CEO of Archroma, was appointed as chairman of the board of the M Dohmen group, taking over from founder Manfred Dohmen, who will continue to serve as a board member.
M Dohmen serves textile markets worldwide from production facilities in Switzerland, Germany and Korea, and maintains sales organisations in the USA, Korea, Germany, Italy and China. The stronger ties between Archroma and M Dohmen will allow both companies to make the most of a product portfolio of which ideally complement each other, especially in the area of dyes and chemicals for synthetic fibres and wool, including for the automotive sector.
“We are extremely satisfied with the performance evolution of M Dohmen since 2014. The overall business and profitability is developing well,” comments Alexander Wessels. “With this additional stake, we are now in the position to implement further into both organisation and processes our shared commitment to customer focus, innovation, world-class quality standards, high service levels, cost-efficiency and sustainability.”
“We are excited to take an active part to Archroma’s ambitions and vision of a more sustainable textile industry,” adds Manfred Dohmen. “The stronger ties between Archroma and M Dohmen will ultimately benefit the customers, partners and teams of both companies as we can exploit further synergies between our production capabilities, product portfolio and competitive positioning.” (SV)
Archroma and M Dohmen are now free to operate as partners in serving the textile market.
As a consequence, Alexander Wessels, CEO of Archroma, was appointed as chairman of the board of the M Dohmen group, taking over from founder Manfred Dohmen, who will continue to serve as a board member.
M Dohmen serves textile markets worldwide from production facilities in Switzerland, Germany and Korea, and maintains sales organisations in the USA, Korea, Germany, Italy and China. The stronger ties between Archroma and M Dohmen will allow both companies to make the most of a product portfolio of which ideally complement each other, especially in the area of dyes and chemicals for synthetic fibres and wool, including for the automotive sector.
“We are extremely satisfied with the performance evolution of M Dohmen since 2014. The overall business and profitability is developing well,” comments Alexander Wessels. “With this additional stake, we are now in the position to implement further into both organisation and processes our shared commitment to customer focus, innovation, world-class quality standards, high service levels, cost-efficiency and sustainability.”
“We are excited to take an active part to Archroma’s ambitions and vision of a more sustainable textile industry,” adds Manfred Dohmen. “The stronger ties between Archroma and M Dohmen will ultimately benefit the customers, partners and teams of both companies as we can exploit further synergies between our production capabilities, product portfolio and competitive positioning.” (SV)
Fibre2Fashion News Desk – India
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