DyStar Acquires Specialty Chemical Operations from Emerald Performance Materials
The US subsidiary of DyStar Global Holdings (Singapore) Pte Ltd, DyStar LP has entered into a deal with the US-based Emerald Performance Materials LLC to acquire its five specialty chemical units — the specialties, polymer additives, and nitriles business groups. It is a leading manufacturer and marketer of specialty chemicals for consumer and industrial markets, mainly owned by affiliates of American Securities LLC. DyStar LP has also entered into an agreement to sell the polymer additives and nitriles business to a subsidiary of Sinochem group, Jiangsu Sinorgchem Technology Co. Ltd. This is a Chinese state-owned company with focus on energy, agriculture, chemicals, real estate and financial services.