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People & Business :: Companies
Merck KGaA Acquires Effect Pigments Manufacturer in China; Opens Cosmetic Technology Center in Germany
3:41 AM MDT | September 9, 2009 | Deepti Ramesh
Merck KGaA says it has acquired Suzhou Taizhu Technology Development (Taicang, China), one of the world’s largest manufacturers of effect pigments, for €28 million ($41 million). With revenues of more than €14 million in 2008 and 300 employees, Suzhou Taizhu Technology Development is also one of the biggest effect pigments companies in the Chinese market, Merck says. The acquisition is expected to strengthen Merck’s pigments business. China is one of the world’s fastest growing markets and is forecasted to become the second biggest...
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