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DyStar Group acquires Emerald Performance Materials
03
Nov '16
Courtesy: DyStar
Courtesy: DyStar
The DyStar Group, the US subsidiary of DyStar Global Holdings (Singapore) Pte. Ltd and provider of colorants, auxiliaries, and services, has acquired the three specialty chemical units (Carolina Chemical, Hilton Davis, and Foam Control) of Emerald Performance Materials LLC, leading manufacturer of specialty chemicals for consumer and industrial markets.

DyStar LP will integrate all the three specialty businesses and manufacturing sites into their US business platform.

By combining the businesses, DyStar adds a broad range of products to their portfolio to serve 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.

The DyStar team welcomes the strong team of Emerald into the DyStar group to create together the next generation of success. The newly formed team of experts will contribute comprehensive support, know-how, innovation, and quality to Dystar customers.

Lazard served as the exclusive financial advisor to DyStar LP, Allen & Overy and Parker Poe Adams & Bernstein served as the legal advisors to DyStar LP. KeyBank served as the exclusive financial advisor to Emerald, and Weil, Gotshal & Manges LLP served as the legal advisor to Emerald in connection with the acquisition by DyStar LP of these specialty chemical units from Emerald.

Ruan Weixiang, the chairman of DyStar Group said, “The acquisition strengthens DyStar's position as a specialty chemical manufacturer in the US as well as builds a diversified product portfolio to launch on our global platform.” (GK)

Fibre2Fashion News Desk – India

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