It’s a done deal: Kiri take over Dystar
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Kiri have finally sealed the deal to take over DyStar.

The Textile Dyer reported last month that German sources were questioning whether the finances were in place for the deal to go ahead but thankfully everything has now been tied up and the deal completed.
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This is great news for DyStar employees and also for the dyeing industry.

We hold Huntsman in very high regard but believe an element of competition is very healthy and the loss of DyStar would have left a hole that could have been filled with low cost, low quality products.

The timing is critical - just as stocks of certain German manufactured specialities were getting dangerously low (Levafix Blue EFFN for example) the news that the production is to recommence will be welcomed.

We understand that Manish Kiri will take over as CEO with immediate effect and that the trade names of all the DyStar products will remain unchanged (hands up all those who still refer to Novocron‘s as Cibacron!).

Hopefully the dyeing industry can look forward to a situation of relative stability.

The wider dyeing industry will know very little about Kiri but there is one key thing to note - these are dyeing people with an interest in the industry.

We have to be pleased that Platinum Equities (the previous owners) have relinquished control to people who know the industry and the view of the Textile Dyer is that it is now in better hands.