Posted November 1, 2016

 

SINGAPORE – DyStar LP, the U.S. subsidiary of Singapore-based DyStar Global Holdings Pte. Ltd., announced that it has completed the acquisition of the three specialty chemical units – Carolina Chemical, Hilton Davis and Foam Control – of Emerald Performance Materials LLC.

 

U.S.-based Emerald is 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 three specialty businesses and manufacturing sites into its U.S. 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, chairman of DyStar Group.

 

By combining the businesses, DyStar adds a broad range of products to their portfolio to service multinational 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 said it 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 its 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.

 

Source: DyStar