Zhejiang Longsheng Group has acquired a 37.5% shareholding in DyStar for $688.88m, settling all legal disputes with KIRI Industries. Deloitte & Touche Financial Advisory Services confirmed the transaction on 30 December 2025. DyStar now operates as a wholly owned subsidiary of Zhejiang Longsheng Group, with two KIRI Industries directors stepping down.

DyStar Group chairman Ruan Weixiang expressed satisfaction with the transaction, aligning with Longsheng’s strategic goals. Managing director Xu Yalin highlighted the resolution of the shareholder dispute as a key milestone. DyStar aims to strengthen global operations, enhance innovation, and deliver sustainable value post-acquisition.

In a move last year, DyStar terminated manufacturing activities at its Hilton Davis facility, shifting selected processes to DyStar LP in Reidsville, North Carolina. Zhejiang Longsheng’s full control of DyStar signifies a strategic shift in ownership and governance. The company pledges transparency and stakeholder engagement during the transition period.

Read more at Yahoo Finance: Zhejiang Longsheng assumes full control of DyStar