DyStar LP, the US subsidiary of DyStar Global Holdings to acquire five specialist chemical units of Emerald Performance Materials, US textile chemicals manufacturer for which it has entered into an agreement with Emerald Performance to expand the companyâ€™s reach and growth within the textile chemicals market.
The acquisition will see the purchase of five units within Emeraldâ€™s specialities, polymer additives and nitriles business groups. Whilst the company is set to retain the specialities business, it has also announced it will sell on the Polymer Additives and Nitriles businesses to Jiangsu Sinorgchem Technology â€“ a Chinese chemicals company.
Ruan Weixiang, chairman of DyStar group, said that they 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 they are uniquely positioned to take advantage of the new revenue growth and synergy opportunities.
The DyStar Group has offices, competence centers, agencies and production plants in over 50 countries to ensure the availability of expertise in all important markets. With a heritage of more than a century of product development and innovation for the textile and leather industry, DyStar has developed into new markets and now in addition serves the paper, plastic and many other specialty chemical industries.
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