Galaxy Surfactants acquires majority stakes in TRI-K and OTC
India’s Galaxy Surfactants says it has acquired a majority stake in TRI-K Industries Inc, the US-based distributor and producer of speciality ingredients to the cosmetics industry. The deal is said to include Maybrook and makes Galaxy the majority owner with Dr Gerd Dahms & Associates holding a minority share. Galaxy has also acquired a majority shareholding in Oberhausen Technology Center (OTC) in Germany, described as a state-of-the-art R&D facility for personal care products. Dahms is md of OTC.
India’s Galaxy Surfactants says it has acquired a majority stake in TRI-K Industries Inc, the US-based distributor and producer of speciality ingredients to the cosmetics industry. The deal is said to include Maybrook and makes Galaxy the majority owner with Dr Gerd Dahms & Associates holding a minority share. Galaxy has also acquired a majority shareholding in Oberhausen Technology Center (OTC) in Germany, described as a state-of-the-art R&D facility for personal care products. Dahms is md of OTC.
“The specialty chemicals strategy of Galaxy is focused on the priority markets of Europe and the Americas,” comments Geera Ramakrishnan, director of home & personal care for Galaxy Surfactants. “This acquisition strengthens Galaxy’s global presence and gives us an expanded product portfolio, allowing us to better serve customers in the cosmetics and personal care industry. The combination of TRI-K’s specialty actives portfolio, Galaxy’s line of products and OTC’s expertise will be a potent combination to address our customers’ aspirations for skin, oral and hair care. Together we can offer the best in new product innovation, global service and customer support.”
Financial terms of the deal have not been disclosed.
