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ASHBURN, Va. — Zestron America announced its interest in purchasing Nashville, Tenn.-based Kyzen Corporation, emphasizing the company's desire to complete a negotiated transaction with the support of Kyzen's board of directors. No further details were provided, but Zestron noted the company is prepared to offer Kyzen shareholders a premium. Kyzen is expected to comment later today on this matter.
Oskar K. Wack, chairman of the board of directors for Zestron noted that this purchase "¿presents an excellent business fit in terms of manufacturing capabilities, distribution, and the ability to service the companies' combined customer base." Zestron intends to focus efforts on expanding its global market position within the electronics market, having experienced double-digit growth in recent years.