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Dyeing Printing & Finishing

DyStar To Acquire Remaining MDB Shares

DyStar, Germany, has agreed to acquire the remaining shares of Mitsui BASF Dyes Ltd. (MDB), Japan, pending approval by the Japanese Fair Trade Commission.DyStars acquisition of BASFs textile dyes operations in October 2000 gave it a 50-percent interest in MDB. Upon completion of the acquisition, the Japanese textile dyes company will be integrated into the DyStar Japan organization.Acquiring MDB and its production site in Omuta strengthens our market position and competitiveness in Japan, said Alfred X. Rad, CEO, DyStar. It also expands our market leadership in disperse dyes.

September 2002