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Corporate Update

DyStar To Become A Wholly Owned Subsidiary Of Zhejiang Longsheng Group After US$ 696.5 Million Deal

• By  Textile Excellence
• November 07, 2025

DyStar Group, a leading specialty chemicals provider in the textile industry, will become a fully owned subsidiary of China’s Zhejiang Longsheng Group Co., Ltd following a share purchase agreement to acquire the remaining 37.57 % stake previously held by Kiri Industries Limited for approximately US$ 696.55 million.

Longsheng already holds 62.43 % of DyStar. The transaction marks a meaningful resolution to a long‐running legal dispute and is set to complete by 3 November 2025, subject to regulatory approvals.

Managing Director Yalin Xu of DyStar noted this change will bring “certainty, confidence and renewed strategic focus”. The deal positions Longsheng to integrate DyStar’s global operations in textile dyes and chemicals, reinforcing its intent to deepen innovation in sustainable textile processing, advanced chemistry and global supply‐chain leadership.

Industry analysts expect this move to strengthen DyStar’s ability to invest in R&D, expand its international presence and support high‐performance textile solutions. The acquisition underscores growing consolidation in textile chemical manufacturing as firms seek scalability, vertical integration and global reach. Given that DyStar serves over 7,000 textile industry clients and commands about 21 % of the global market share in specialty dyes through Longsheng’s channels, the full ownership transition holds significant implications for textile supply chains.

Textile manufacturers and dye consumers in India should closely monitor how this development may influence technology access, chemical innovation, and pricing dynamics in the upcoming years.

Managing Director Yalin Xu of DyStar noted this change will bring “certainty, confidence and renewed strategic focus”. The deal positions Longsheng to integrate DyStar’s global operations in textile dyes and chemicals, reinforcing its intent to deepen innovation in sustainable textile processing, advanced chemistry and global supply‐chain leadership.