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Merck Acquires Leading Manufacturer of Effect Pigments in China

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Merck KGaA has acquired Suzhou Taizhu Technology Development Co. Ltd. (Taizhu), a leading supplier of effect pigments located in Taicang near Shanghai, China. With total revenues of more than €14 million in 2008 and 300 employees, Taizhu is one of the largest effect pigments companies in the Chinese market.
    
Within the scope of this transaction, Merck has acquired the production site of Taizhu in Taicang, 40 km from Shanghai, as well as the entire sales and marketing organization in China and abroad for a total consideration of €28 million.
    
“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,” Klaus Bischoff, head of the Performance and Life Science Chemicals division at Merck, commented. “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.”

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