DyStar LP, the US subsidiary of DyStar Global Holdings (Singapore) Pte. Ltd. – the market leader in textile industry, has entered into an agreement with Emerald Performance Materials to acquire its five specialty chemical units (the Specialties, Polymer Additives, and Nitriles business groups).
“We 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 we are uniquely positioned to take advantage of the new revenue growth and synergy opportunities. We are confident that the business will be a good opportunity for DyStar to grow in future,” said Ruan Weixiang, Chairman – DyStar Group.
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The company is expected to expand the new business groups to DyStar’s global business reach; leverage DyStar’s strong procurement platform to reduce costs; and synergize the technical know-how across all businesses, mentions the press release.
Emerald Performance Materials is a US-based firm and leading manufacturer and marketer of specialty chemicals for consumer and industrial markets that is majority owned by affiliates of American Securities LLC.
