KDCL Acquires DyStar
DyStar Textilfarben GmbH, Germany, which filed for insolvency in September 2009, is selling the
company and three of its manufacturing sites to Kiri Dyes & Chemicals Ltd. (KDCL), India, a
producer of reactive dyes and supplier of reactive, acid and direct dyes as well as dyeing
intermediates. KDCL will assume operations at the DyStar Group in Frankfurt, its production sites
in Leverkusen, Ludwigshafen and Brünsbuttel, and 36 subsidiaries worldwide.
DyStar's manufacturing plant in Geretsried, Germany, is not included in the sale. The company is exploring other alternatives, including potential investments, for that site.
It is hoped that some 800 jobs in Germany and another 2,000 globally will be saved after the takeover.