DyStar acquire Emerald's speciality chemical units

DyStar to acquire Emerald's speciality chemical units

11:53 AM, 9th May 2016
DyStar to acquire Emerald's speciality chemical units

SINGAPORE: DyStar LP, a US subsidiary of DyStar Global Holdings Pte Ltd, said that it has entered into an agreement to acquire five speciality chemical units (the specialities, polymer additives, and nitriles business groups) of Emerald Performance Materials LLC.

In a separate transaction, DyStar LP will sell the polymer additives and nitriles businesses to Jiangsu Sinorgchem Technology Co Ltd, a subsidiary of Sinochem Group.

Upon completion of the dual transactions, DyStar LP will retain the specialities businesses, which adds three new manufacturing sites to DyStar’s US business platform.

The acquisition adds a broad product portfolio that services many multi-national consumer goods brands to DyStar’s global product line which services multi-national retail brands. On a combined basis, 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
  • Synergize the technical know-how across all businesses

“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,” said Ruan Weixiang, chairman of DyStar group. “We are confident that the business will be a good opportunity for DyStar to grow in future.”

Lazard served as the exclusive financial advisor, Allen & Overy served as the legal advisor to DyStar LP; Weil Gotshal & Manges LLP served as the legal advisor to Emerald.

© Worldofchemicals News



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