Milliken Acquires Keystone Aniline Corporation; Colorant Customers Win
Manufacturers of agricultural, plastic, coating, ink and household institutional and industrial products that require innovative colorants can look forward to major new benefits from Milliken Chemical’s recent acquisition of Keystone Aniline Corporation. These include:
- A broader array of advanced colorant solutions, technologies and services
- A streamlined supply chain, thanks to availability of a wider range of products from a single source
- Enhanced reliability of global supply
The deal, which closed on April 12, brings together two world-class organizations with complementary expertise and capabilities, shared values and a long, successful history in the colorants industry.
- Milliken’s Performance Colorants & Ingredients business is a leading supplier of polymeric colorants and is renowned for its innovative chemistry and the ability to synthesize new molecules.
- Keystone, a global leader in dyes, pigments, pigment dispersions and polymers, brings to the equation exceptional formulation skills and application development technology.
Both are privately held, family-owned companies that share fundamental values including a strong emphasis on business ethics, as demonstrated by their leadership in regulatory compliance and safety.
“This acquisition has far-reaching benefits for everyone involved,” said Russ Rudolph, Vice President, Performance Colorants & Ingredients for Milliken. “Our combined customers win through greater availability of proven colorant technologies and resources that can help them penetrate and grow new markets to gain a competitive advantage. Our suppliers can expect new opportunities that will allow them to play a greater role in serving our expanded organization.”
According to John Andrews, chief executive officer of Keystone, “By combining our product portfolios and specialized colorant knowledge with Milliken’s solutions and expertise, we create business and market synergies that will drive new global opportunities and better meet the evolving needs of our customers. The resulting organization will possess greater breadth and depth across the board, from research and development to formulation capabilities, quality control and product stewardship.”
Milliken, celebrating 152 years in business, and Keystone, celebrating 97 years, operate worldwide, with facilities in North America, Europe, Latin America and Asia.