Kiri Dyes completes DyStar acquisition
Kiri Holding Singapore, owner of DyStar Colours Distribution and DyStar Colours Deutschland, has acquired all the DyStar companies in the US and Canada. The deal took effect on October 29.
DyStar CEO, Steve Barron, said: “I am more than happy that DyStar LP will join the new DyStar Group. This allows us to further develop the successful DyStar business in the USA, Canada and Central America and grow our relationship with US retailers.”
The DyStar Companies in North America were previously owned by Platinum Equity, which is headquartered in Charlotte, North Carolina. DyStar North America also runs a production site and warehouse in Reidsville, North Carolina, and a warehouse in Southgate, California. The company employs 126 people and is responsible for manufacturing dyes, auxiliaries and other chemicals in North America, Central America and Canada. Its annual revenue exceeds $100 million.
Manish Kiri, co-chairman of the DyStar Group: “It is our intention to build a sustainable global DyStar organisation. For that, we need a powerful sales organisation in North and Central America and maintain the retailer connection.”
