| Milliken Acquires Keystone Aniline, a Pigments
Manufacturer for Inks and Coatings
has recently acquired Keystone Aniline Corporation. The acquisition will benefit manufacturers of agricultural, plastic, coating, ink
and household institutional and industrial products that require innovative colorants. Milliken can now provide broad portfolio of solutions that include:
- A broader array of advanced colorant solutions, technologies and services
- A streamlined supply chain due to availability of a wider range of products from a single source
- Enhanced reliability of global supply
Two Organizations Coming Together
The deal brings together two world-class organizations with complementary expertise and capabilities, shared values and a long, successful history in the colorants industry.
- Milliken’s Performance Colorants & Ingredients business is one of the leading suppliers of polymeric colorants and is renowned for its innovative chemistry and the ability to synthesize new molecules
- Keystone, one of the leaders in dyes, pigments, pigment dispersions and polymers, brings to the equation exceptional formulation skills and application development technology
Both are privately held, family-owned companies that share fundamental values including a strong emphasis on business ethics, as demonstrated by their leadership in regulatory compliance and safety.
“This acquisition has far-reaching benefits for everyone involved,” said Russ Rudolph, vice president, Performance Colorants & Ingredients for Milliken. “Our combined customers win through greater availability of proven colorant technologies and resources that can help them penetrate and grow new markets to gain a competitive advantage. Our suppliers can expect new opportunities that will allow them to play a greater role in serving our expanded organization.”
According to John Andrews, chief executive officer of Keystone, “By combining our product portfolios and specialized colorant knowledge with Milliken’s solutions and expertise, we create business and market synergies that will drive new global opportunities and better meet the evolving needs of our customers. The resulting organization will possess greater breadth and depth across the board, from research and development to formulation capabilities, quality control and product stewardship.”
For 150 years, Milliken has been innovating with the purpose to explore, discover and create ways to enhance people’s lives. Its community of innovators has developed one of the larger collections of United States patents held by a private U.S. company.
About Keystone Aniline
Keystone Aniline Corporation was founded in Chicago, Ill. in 1920 to produce pigments and dyes. The company steadily expanded, both in geography and markets, establishing the first of several international locations in Huddersfield, England, in 1950. In the 1960s, Keystone broadened its portfolio into aqueous and solvent-based pigment dispersions at its Inman, S.C. facility.