DyStar Global Holdings (Singapore) Pte. Ltd., through its US subsidiary, DyStar LP has entered into an agreement to acquire five specialty chemical units (the Specialties, Polymer Additives, and Nitriles business groups) from Emerald Performance Materials LLC. The latter is a US company and leading manufacturer and marketer of specialty chemicals for consumer and industrial markets, that is majority owned by affiliates of American Securities LLC.).
DyStar LP, in a separate transaction will sell the Polymer Additives and Nitriles businesses to Jiangsu Sinorgchem Technology Co., Ltd., a subsidiary of Sinochem Group, a state- owned Chinese company with core businesses in the energy, agriculture, chemicals, real estate and financial service.Upon completion of the dual transactions, DyStar LP will retain the specialties 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.