Kiri-DyStar will now act as global consolidator of dyes business

[Fibre2fashion]

Kiri Holding Singapore Pvt Ltd, a subsidiary owned by Ahmedabad based. Kiri Dyes and Chemicals Ltd. (KDCL), announced the acquisition of the US based arm of DyStar Group.

• DyStar US has revenues of over US $100 million and EBITDA of US $10 million
• An attractive amount paid for the acquisition is US $ 10 million which is 0.lx sales & 1x EBIDTA
• Acquisition includes a factory, warehouses in North Carolina & California
• Earlier this year Kiri Holding Singapore Pvt Ltd, had also acquired the Global business along-with all the subsidiaries ( Ex- DyStar US) of DyStar

The company currently employs 126 people. With textile dyes from DyStar and textile auxiliaries as well as leather chemicals produced in Reidsville, DyStar North America has revenue of more than US $ 100 m1n, and is profitable with EBIDT A of US $10 million approx. It is market leader in many product segments and has grown significantly in 2010. Earlier this year Kiri Dyes had announced the acquisition of the DyStar along with all its global subsidiaries (Ex-DyStar US). The acquisition would include DyStar's US based production site and warehouse in Reidsville, North Carolina, and a warehouse in Southgate, California.

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