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SPV Kiri Holding executes agreement to buy DyStar Group
09
Dec '09
Kiri Dyes and Chemicals Ltd (KDCL) through its SPV Kiri Holding Singapore Pvt. Ltd. has executed Purchase Agreement on December 04, 2009 subject to the necessary approvals under Laws of Germany.

This Agreement is for acquiring the DyStar Group and its selective assets through Insolvency. DyStar's core business values will remain unchanged and it will continue to supply high quality, ecology aware products, backed by their extensive application expertise. We will be working over the next weeks to normalize the German production facilities.

Kiri Dyes and Chemicals Ltd

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