Pulcra Chemicals acquires DyStar site in Germany

02 April 2010 15:25  [Source: ICIS news]

TORONTO (ICIS news)--Pulcra Chemicals has acquired DyStar’s production site at Geretsried near Munich, Germany, DyStar’s insolvency administrators said on Friday.

DyStar, a major producer of textiles and leather chemicals, filed for insolvency last September. In February, India’s Kiri Dyes and Chemicals acquired DyStar, but the deal did not include the Geretsried site where production stopped after the insolvency.

Pulcra Chemicals, a producer of process chemicals, planned to restart production at Geretsried in May, administrators Miguel Grosser and Stephan Laubereau said in a statement that did not disclose financial details.

Former DyStar staff at Geretsried would be offered re-employment, they said. Also, the resumption of production avoided the high cost of permanently closing and cleaning up the site, they added.

“By resumption of business the expensive disposal of waste can be avoided, and therefore also high expenditures for the community,” they said.

Pulcra’s target market was similar to that of DyStar, said Pulcra general manager Yusuf Aktalay.

Pulcra Chemicals used to be part of Germany’s Cognis. In 2008, Cognis sold Pulcra to an investor backed by Turkey’s DSD, or Deri Sanayicileri Dis Ticaret, an export trading company in the leather industry. 

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By: Stefan Baumgarten
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