This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Merck adquiere la compañía líder de pigmentos de efecto Taizhu
Merck acquires the leading company of Taizhu effect pigments
10/09/2009
September 10, 2009
The company chemical pharmaceutical German Merck announced the purchase of the Chinese firm Suzhou Taizhu Technology Development ('Taizhu'), as well as its network of sales and marketing in China and abroad for a total of EUR 28 million. With a total income of more than 14 million euros in 2008 and 300 employees, Taizhu is one of the largest companies of pigments of effect in the Chinese market and was one of the first private of that countryfounded in 1988.
Laura González-Molero, President and delegate Minister of Merck in Spain, said that "this acquisition is highly attractive for Merck as Taizhu products complement our portfolio of top quality." This operation is of great strategic importance to the business of Merck pigments. "Also the client portfolio of Taizhu is ideal to complement our".
