DyStar To Acquire Boehme Group
Frankfurt-based textile and leather
dye, auxiliary and services provider DyStar Textilfarben GmbH & Co. Deutschland KG has agreed
to acquire the business activities of the Germany-based Boehme Group — also a supplier of dyes and
auxiliaries for textiles and leather processing — for an undisclosed price. The transaction is
expected to be completed by mid-August of this year.
The acquisition includes Boehme’s 16 affiliates and 11 production sites, which employ more than 700 people in Argentina, Australia, Austria, Brazil, Canada, China, Ecuador, Israel, Mexico, South Africa, Thailand and the United States.
“Boehme broadens our extensive product offering for the textile industry and strengthens our position in the leather business,” said Clemens Willée, Ph.D., CEO, DyStar. “Our combined expertise will make us an even more reliable partner for our customers in the future.”
According to a statement by its shareholders, Boehme conducted an extended search “to find a partner that fits well with our company. An important part of this process was to ensure minimal product portfolio overlap to enable the maximum growth potential for our business. In this regard, we are convinced that DyStar represents the optimal partner.”
June 20, 2006