Issue Date: February 18, 2008
Photo Dyes Producer Changes Hands
British specialty chemicals company Yule Catto is selling its James Robinson subsidiary to India's Vivimed Labs, a maker of pharmaceutical and personal care ingredients, for roughly $25.7 million. James Robinson develops photographic and photochromic chemicals, and hair and other dyes. In 2006, it had sales of about $35 million and an operating profit of $1.6 million. The acquisition, Vivimed Managing Director Santosh Varalwar says, is in line with his firm's goal of "achieving a leadership position in the global personal care actives industry."
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