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Kiri Acquires Taiwanese Firm

12:41 AM MST | November 7, 2011 | Deepti Ramesh

Kiri Industries (Ahmedabad, India), a manufacturer of dyes and dye intermediates, formerly known as Kiri Dyes & Chemicals informed the Bombay Stock Exchange that it has acquired chemicals manufacturer SMS Chemical (Taipei, Taiwan). No further details were disclosed. The acquisition of SMS Chemical follows Kiri's acquisition of DyStar (Frankfurt) in February 2010. Kiri announced in August 2011 that it has bagged a contract to supply dyes to Southeast Asia, and the contract value is $20...

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