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GALAXY SURFACTANTS PURCHASES MAJORITY STAKE OF TRI-K INDUSTRIES, USA

Mumbai, India, July 9, 2009 - Galaxy Surfactants Ltd. today announced its acquisition of North American based TRI-K Industries, Inc. The transaction, which was completed on July 1, 2009, includes Maybrook, Inc. and makes Galaxy Surfactants the majority owner, with Dr. Gerd Dahms & Associates holding a minority share. Galaxy Surfactants has also acquired a majority share holding in Oberhausen Technology Center, Germany which is a state-of-the-art R&D facility for personal care products.

TRI-K Industries, Inc. is a distributor and producer of specialty ingredients to the cosmetics and personal care markets. Headquartered in Northvale, NJ, US with additional protein manufacturing facilities in New Hampshire, the company has operated in the personal care industry for over 30 years and employs 40 people.

"The specialty chemicals strategy of Galaxy is focused on the priority markets of Europe and the Americas. This acquisition strengthens Galaxy's global presence and gives us an expanded product portfolio, allowing us to better serve our customers in the cosmetics and personal care industry. The combination of TRI-K’s specialty actives portfolio, Galaxy’s line of performance products and Oberhausen Technology Center's expertise will be a potent combination to address our customers' aspirations for skin, oral and hair care,” says Geera Ramakrishnan, Director of Home & Personal Care for Galaxy Surfactants. “Together, we can offer the best in new product innovation, global service and customer support.”

Financial terms of the sale were not announced.

Galaxy Surfactants Ltd. is a global supplier of quality performance products for the home and personal care industries, headquartered in Navi Mumbai, India and doing business in 90 countries. Oberhausen Technology Center is a state-of-the-art R&D center located in Oberhausen, Germany. With this acquisition, Galaxy's R&D and technical services will be located in India, Germany and the US.


Press Contact

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