Home / Knowledge / News / Textiles / Dystar acquires 5 chemical units of Emerald Performance
Dystar acquires 5 chemical units of Emerald Performance
07
May '16
Dystar LP, the US subsidiary of Dystar Global Holdings, announced that it has acquired five specialty chemical units of Emerald Performance Materials.

Dystar LP also announced the sale of its polymer additives and nitriles businesses to Jiangsu Sinorgchem Technology, a subsidiary of Sinochem Group, a state-owned Chinese company with core businesses in the energy, agriculture, chemicals, real estate and financial service.

The five units acquired include the specialties, polymer additives, and nitriles business groups of Emerald Performance Materials.

Upon completion of both the agreements, DyStar LP will retain the specialties businesses, which adds three new manufacturing sites to DyStar's US business platform. The acquisition will help the company expand, reduce costs, and synergise the technical know-how across all businesses.

Ruan Weixiang, chairman, DyStar group, said, “We are enthusiastic about the growth that the combination will foster. This high quality acquisition will significantly strengthen DyStar's position in the chemical industry and we are uniquely positioned to take advantage of the new revenue growth and synergy opportunities.”

DyStar Group is a solution provider, offering customers across the globe a complete range of colorants, auxiliaries and services. The company has offices, competence centers, agencies and production plants in over 50 countries to ensure the availability of expertise in all important markets. (HO)

DyStar


Must ReadView All

Courtesy: The White House

Textiles | On 21st May 2018

China, US put trade war on hold

Following weeks of uncertainty over imposition and counter-imposition ...

Equate posts best Q12018 results since inception

Textiles | On 21st May 2018

Equate posts best Q12018 results since inception

Equate Group's first quarter results for 2018 are the best since its...

Over 60% retailers already have IoT platforms: IDC

Apparel/Garments | On 21st May 2018

Over 60% retailers already have IoT platforms: IDC

Retail organisations are adopting IoT platforms and more than 60 per...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Urmil Arya

Sushila International, a well established textile organisation established ...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search