14.09.2022 • NewsKemiraColorantsadditives

Kemira Sells Colorants Dye Business to Chromascape

Kemira has agreed to sell its colorants dye business to Chromascape, a US-based specialty colorants and additives supplier.

The deal, which includes a manufacturing site at Goose Creek, Bushy Park in South Carolina, is expected to close in the first quarter of 2023.

The business being divested includes basic and direct dyes, organic pigments and special colorants that are used in numerous different paper and packaging applications such as tissue, carboard, newspaper, and high-end packaging solutions for jewelry, cosmetics and food stuffs. Revenues were roughly €50 million last year.

“We are very happy to see that our strategic objective to streamline Kemira’s portfolio is reaching the next milestone. Chromascape has shown ways to take colorants platform to new heights and thus secures further value creation for our joint customer base. We are excited to continue collaboration with the new owner of our colorants business after closing,” said Antti Matula, senior vice president global product lines & business development at Kemira.

On completion of the transaction, all 67 Kemira employees will transfer to Chromascape, which is headquartered in Independence, Ohio and operates six manufacturing and distribution facilities throughout the US.

Chromascape was bought by private equity group Heartwood Partners (formerly Capital Partners) on Apr. 6, 2018, in partnership with family shareholders and its management.

Author: Elaine Burridge, Freelance Journalist

© Shutterstock/Casther
© Shutterstock/Casther

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.