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Kemin taking over textile auxiliary business of Garmon
10
Jan '18
Courtesy: Garmon Chemical
Courtesy: Garmon Chemical
Kemin Industries, a global ingredient company, is taking over the textile auxiliary business of Garmon Chemicals and its sister company, the Italian Job. The companies will be gradually integrated. The acquisition will increase the Garmon research and development scope, commercial penetration and service level throughout the textile auxiliary global markets.

Kemin Industries uses science to touch 3.8 billion people every day with its products and services. All apparel and textile customers will continue to be served exclusively by the Garmon brand, with the values and benefits that they have come to expect and to respect over the years.

The acquisition is expected to result in greater efficiencies and significant increase of market share. The company's global headquarters will remain in the Republic of San Marino.

"Kemin first became interested in entering the textile auxiliaries industry based on the adjacent technologies the industry has in common with existing Kemin research and products," said Dr. Chris Nelson, president and CEO of Kemin Industries. "Garmon's global reach, commitment to customer-driven research and development and unique marketing strategy cemented the decision for the acquisition to allow Kemin to enter the market."

With this acquisition, Kemin is able to play a significant role in additional textile markets. Kemin will continue to provide quality products and services to over half of the world's population every day, and will enter the textile industry with the new Garmon acquisition.

"The fusion of Garmon's undisputed know-how and market reputation along with the research and development power of Kemin and its global footprint is a new industry zeitgeist that provides customers throughout the apparel value chain with unprecedented innovation, solutions and business intimacy," said Maurizio Cappellini, president of Garmon Chemicals. "Garmon and Kemin joining forces is a notable sign of the global collaboration trend that creates a positive impact when two companies join together and create success with a concentration of resources." (SV)

Fibre2Fashion News Desk – India


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