TAU Investment Management LLC, with locations in New York City and Hong Kong, reports it has made investments in two waterless dyeing companies. The company will acquire significant stakes in and join the board of directors at DyeCoo Textile Systems BV and
CleanDye Holding BV through a special purpose vehicle formed and managed by TAU.
DyeCoo is the creator of a waterless and chemical-free dyeing technology named DyeOx. CleanDye is the first dyeing facility built to use DyeOx technology exclusively. The investments are part of TAU’s strategy to invest in sustainable and responsible supply chains, and TAU joins other companies — including Ingka Investments and Nike — who have already invested in the technology.
“This is a unique opportunity to support two organizations bringing a new facet of sustainability to the garment industry,” said TAU CEO Oliver Niedermaier. “We look forward to further application opportunities for the technology in other sectors, such as automotive and beverages.”