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Comment Business & Economics

Kiri Acquires DyStar North America 

By Gerald Ondrey |

Kiri Holding Singapore Pvt. Ltd., owner of DyStar Colours Distribution GmbH and DyStar Colours Deutschland GmbH (Frankfurt, Germany; www.dyestar.com), has acquired all the DyStar companies in the U.S. and Canada. The deal will take effect on October 29th, 2010. DyStar CEO Steve Barron: “I am more than happy that DyStar L.P. will join the new DyStar Group. This allows us to further develop the successful DyStar business in the U.S., Canada and Central America and grow our relationship with U.S. retailers.” The DyStar Companies in North America are currently owned by Platinum Equity (Charlotte, N.C.). DyStar North America with its sales organization and Color Solutions International runs also a production site and warehouse in Reidsville, N.C., and a warehouse in Southgate, Calif. The company employs 126 people. With textile dyes from DyStar and textile auxiliaries as well as leather chemicals produced in Reidsville, DyStar North America has a revenue of greater than $100 million. It is market leader in many product segments and has grown significantly in 2010.   For the DyStar shareholder, the acquisition makes perfect sense. Manish Kiri, Co-Chairman of the DyStar Group: “It is our intention to build a sustainable…
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