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Merck Acquires Pigment Manufacturer Taizhu
Posted: September 14, 2009
Merck has acquired Suzhou Taizhu Technology Development, a supplier of pigments based in the Shanghai area of China.Taizhu supplies effect pigments to the China and Asia Pacific market and employs around 300 workers.
The company was purchased for €28 million (US$41 million), and the purchase includes the company’s production site in Taicang, 40km from Shanghai, together with the entire sales and marketing operations.
The acquisition is said to strengthen Merck's presence in China in addition to complementing its portfolio.