Merck KGaA Acquires China-Based Pigment Company
Merck KGaA recently announced that it has acquired Suzhou Taizhu Technology Development Co. Ltd. ("Taizhu"), a supplier of effect pigments located in Taicang near Shanghai, China. With total revenues of more than € 14 million (US$ ) in 2008 and 300 employees, Taizhu is one of the biggest effect pigments companies in the Chinese market.
"The transaction is highly attractive for Merck because Taizhu's products complement our premium product portfolio with a range that mainly serves the growing value-for-money market segment. In addition, Taizhu's customer base ideally complements our own. In recent years, Taizhu has built an outstanding reputation as a reliable source of high-quality effect pigments."
Merck's Chemicals business subsidiary has been operating in Shanghai since 1997.
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