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Dyeing Printing & Finishing

Platinum Equity Finalizes DyStar Purchase

Platinum Equity, Los Angeles, has completed its purchase of Germany-based DyStar Textilfarben GmbH & Co. KG from its previous owners - BASF AG, Bayer AG and Hoechst AG, all headquartered in Germany.

"We understand that customer relationships are among the most important assets we acquire in a business," said Rob Joubran, COO, Platinum, "and we're going to do everything we can to make sure the transition is seamless for DyStars customers."

Platinum has appointed Clemens Willée; Ph.D., CEO of DyStar.

October 2004