Emerald Performance Materials Completes Sale of Specialties Business Group to DyStar LP
Other Emerald Business Units Continue Their Focus on Sustained Growth
CUYAHOGA FALLS, Ohio, Oct. 31, 2016 /PRNewswire/ -- Emerald Performance Materials, LLC completed the sale of its Emerald Specialties business group to DyStar LP. Emerald Specialties includes Emerald Hilton Davis, Emerald Carolina Chemical and Emerald Foam Control with sites in Cincinnati, OH, Charlotte, NC and Cheyenne, WY, respectively. Terms of the transaction were not disclosed.
Thomas M. Holleran, executive director at Emerald Performance Materials said, "We are pleased that the sale has been completed and appreciate the dedication of all our employees throughout this process. We are also extremely proud of the accomplishments of Emerald Specialties in developing new technologies and delivering value to our customers and organization over the last 10 years. The Specialties business is well-positioned for continued success as part of DyStar."
Emerald Performance Materials continues to focus on exciting growth opportunities in its Kalama Chemical and CVC Thermoset Specialties business groups, as well as support of its Polymer Additives and Nitriles business group, and has made significant investments to expand its capacity, product offerings and global reach. In accordance with a previous announcement, the company expects to conclude the sale of its Polymer Additives and Nitriles business unit as a separate transaction in the future.
About Emerald
Emerald produces and markets technologically advanced specialty chemicals for a broad range of consumer and industrial applications. Its products play a variety of roles in the products that are consumed and used every day enabling them to last longer, look, smell, taste or perform better. Emerald® products are used in aerospace, food, beverages, cosmetics, toothpaste, household products, paint, automobiles, sports gear and many other applications. Emerald has three business groups, six operations and approximately 700 employees. Visit www.emeraldmaterials.com to learn more.
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