Details of the acquisition were not provided.
According to a news release, the acquisition positions Milliken for “global growth and aligns two key industry players with complementary product portfolios and expertise to offer customers a broader array of advanced colorant solutions, technologies and services.”
“Milliken and Keystone Aniline Corp. share a long history of innovation, environmentally responsible manufacturing and relationship building – core values which connect us in practice, perspective and approach to values-based business,” said Milliken president, CEO and chairman, J. Harold Chandler, in the release. “We look forward to welcoming Keystone to the Milliken family of companies and competing together as we leverage meaningful innovation and environmentally responsible manufacturing.”
Founded in 1920, Keystone is headquartered in Chicago and has operations in Europe and North America, including the company’s largest manufacturing facility in Inman.
“By combining our product portfolios and specialized colorant knowledge with Milliken’s solutions and expertise, we create business and market synergies that will drive new global opportunities and better meet the evolving needs of our customers,” said John Andrews, Keystone CEO, in the release. “The strengthened organization will possess greater breadth and depth across the board, from research and development to formulation capabilities, to quality control and product stewardship. This partnership will be a part of Milliken’s future growth and success.”