Merck Acquires Pigment Manufacturer Taizhu

September 14, 2009 | Contact Author | By: Katie Schaefer
Fill out my online form.
This item has been saved to your library.
View My Library
(click to close)
Save to My Library
Title: Merck Acquires Pigment Manufacturer Taizhu
  • Article
  • Keywords/Abstract

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.