01 Nov DyStar® completes the acquisition of specialty chemical businesses from Emerald Performance Materials
For Immediate Release
DyStar® completes the acquisition of specialty chemical businesses from Emerald Performance Materials
Singapore –November 1, 2016: DyStar LP, the US subsidiary of DyStar Global Holdings (Singapore) Pte. Ltd, a market leader in textile industry, today announced that it has completed the acquisition of the three (3) specialty chemical units (Carolina Chemical, Hilton Davis, and Foam Control) of Emerald Performance Materials LLC, a US company and leading manufacturer and marketer of specialty chemicals for consumer and industrial markets that is majority-owned by affiliates of American Securities LLC.
DyStar LP will integrate all 3 specialty businesses and manufacturing sites into their US business platform.
“The acquisition strengthens DyStar’s position as a specialty chemical manufacturer in the USA as well as builds a diversified product portfolio to launch on our global platform,” said Ruan Weixiang, the Chairman of DyStar Group.
By combining the businesses, DyStar adds a broad range of products to their portfolio to service 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 our 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.
The DyStar® Group is a solution provider, offering customers across the globe a complete range of colorants, auxiliaries and services. 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 industries, DyStar has expanded into new markets that serve the paper, plastic and many other specialty chemical industries.
DyStar’s service divisions assist Brands & Retailers and their Industry partners from their first inspiration throughout the entire supply chain to ensure that they meet stringent quality and ecological specifications, reduce costs and shorten lead times. We offer state-of-the-art color communication through CSI, textile and ecology testing through Texanlab, ecology and environmental advice, supply chain auditing and consulting for RSL compliant sustainable processes through Sustainable Textile Solutions programs.
The DyStar econfidence® program is designed to provide assurance to our textile customers that the dyes and chemicals we supply comply with legal requirements and to consult so that the selected products are compliant with voluntary and brand & retailer RSL (Restricted Substance List) requirements. It allows DyStar to build partnerships along the textile supply chain to foster a more sustainable textile production.
Visit www.DyStar.com for more information.
Global Corporate Communications
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