Kiri Industries buys Taiwan-based SMS Chemical
By: ICN Bureau
Last updated : March 06, 2018 8:18 pm
Kiri Industries Ltd, an integrated manufacturer of reactive dyes and intermediates, has acquired Taiwan-based SMS Chemical Co Ltd for an undisclosed amount. This acquisition is part of Kiri’s global expansion strategy.
Kiri Industries Ltd, an integrated manufacturer of reactive dyes and intermediates, has acquired Taiwan-based SMS Chemical Co Ltd for an undisclosed amount. This acquisition is part of Kiri’s global expansion strategy.
The company, along with Lonsen, earlier acquired Germany-based DyStar and most of its global subsidiaries after it emerged from bankruptcy. This enabled the company access to DyStar'''s 16 manufacturing plants with a combined production capacity of 176,000 TPA.
Thereafter, Kiri also bought the US subsidiary of DyStar subsidiary. The entire acquisition was carried out through Kiri Dye'''s wholly-owned subsidiary Kiri Holding Singapore.
It supplies reactive, acid, and direct dyes as well as dye-intermediates in various forms like standardized spray dried/tray dried-powder/granular, crude and reverse osmosis.