Milliken Completes Acquisition of Keystone Aniline Corporation

Milliken & Company has announced acquisition of Keystone Aniline Corporation to improve service to global colorant customers

United States: Milliken & Company, a United States based leading manufacturer of coatings, specialty chemicals, and advanced additive and colorant technologies has acquired Keystone Aniline Corporation, which is a major manufacturer of dyes, pigments, pigment dispersions and polymers across the globe. This deal would bring together the two organizations with complementary expertise and capabilities, enabling creation of a robust portfolio that would drive new global opportunities. With a focus on polymeric colorants, Milliken’s Performance Colorants & Ingredients business would synthesize new molecules while Keystone would provide exceptional formulation and application development technology. The acquisition by Milliken is an expansion strategy to penetrate and grow new markets to gain a competitive advantage. 

TechSci Research depicts that the acquisition by Milliken would result in strengthening its market share and value across the globe. The procurement would help Milliken to streamline the supply chains by accessing a wider range of products from a single source, which would further benefit both existing and new customers.

According to the recently published report by TechSci Research, “United States Textile Chemicals Market Forecast & Opportunities, 2020”, the United States market for textile chemicals is projected to surpass USD2.6 billion by 2020. Presently, home textiles segment accounts for the largest share in the country’s textile chemicals market, followed by technical textiles and apparels. Introduction of new technical textile products and rapidly rising awareness about the benefits of using technical textiles in work places is expected to drive the market through 2020. Accounting for over three-fourths of the overall textile chemical sales in the country, Northeast and Southeast regions are expected to continue their dominance over the next five years.