Ghent, Belgium — Polyurethane colourants company Milliken purchased Keystone and lean headquartered in Chicago, Illinois, just before Easter.
Milliken said that the purchase allows customers to "streamline their supply chains by allowing them to obtain a wider range of products from a single source."
The company added that the purchase will see increased "reliability of supply from Keystone's multiple facilities around the world."
Keystone and Milliken have complimentary products, and the firms have specialised in different areas. Milliken said it had concentrated on innovative chemistry and ability to synthesise new molecules and Keystone had concentrated on formulation skills and application development.
Both Milliken and Keystone are family-owned companies. No price was disclosed.
