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Platinum Equity has announced that it has completed the acquisition of DyStar, the premier provider of dyes and services to the fashion and textile industry. Previously, the company was owned jointly by BASF, Bayer and Hoechst/Aventis.
As a Platinum company, DyStar will remain focused on its core strengths of providing the highest quality and innovation in textile dyes and best-in-class customer service. "DyStar is the preeminent global brand in fashion and textile dyes, and we have a great deal of confidence in the company's future," said Johnny O. Lopez, Executive Vice-President for mergers and acquisitions at Platinum Equity.
Mr Lopez said that Platinum Equity Chairman Tom T. Gores expects DyStar to be a strong operating company for Platinum, with significant potential as both a standalone business and a potential platform for...