Singapore-based Kiri Holding Singapore Pvt. Ltd. — owner of DyStar Colors Distribution GmbH and
DyStar Colors Deutschland GmbH — recently acquired all DyStar companies located in the United
States and Canada from Platinum Equity USA. The deal includes DyStar’s North American headquarters
in Charlotte, a production facility and warehouse in Reidsville, N.C., and a warehouse in
Southgate, Calif. The North American organization employs 126 people and generates annual revenues
of more than $100 million.
“I am more than happy that DyStar LP will join the new DyStar Group,” said Steve Barron,
DyStar CEO. “This allows us to further develop the successful DyStar business in the USA, Canada
and Central America and grow our relationship with US retailers.”
Kiri acquired substantial assets of the DyStar Group after DyStar filed for bankruptcy last
year
(See ”
DyStar
Finds Buyer,” www.TextileWorld.com, Dec. 15, 2009).
“It is our intention to build a sustainable global DyStar organization,” said Manish Kiri,
co-chairman, DyStar Group. “For that, we need a powerful sales organization in North and Central
America and maintain the retailer connection.”
November 17, 2010