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Thursday 15 October 2009

DyStar seeks investor but continues supplying customers

Frankfurt Am Main - DyStar, the Frankfurt-based chemical company and global supplier of dyes, additives and services for the textile and leather processing industries, can continue supplying its customers whilst it seeks new investors. “We have made great progress in our talks with banks and secured creditors. This allows us for the time being to continue our operations at DyStar Textilfarben GmbH and resume delivery of our products,” confirmed the preliminary insolvency administrator appointed by the Frankfurt District Court Miguel Grosser from the law firm Jaffé Rechtsanwälte Insolvenzverwalter. Deliveries to customers resumed on Monday, 12 October.

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