Vikas Ecotech has successfully completed the process of acquisition of 100% stakes in the Polymeric Plasticizer Manufacturing company Vikas Organics with remittance of the final amount of Rs 27 crore, completing the payment of the total sale consideration of Rs 32 crore. The completion of the process of the transfer of ownership. While the company had signed the share purchase agreement earlier this present Fiscal Year, the newly acquired facility will instantly start contributing to the company's performance numbers.
The materials produced from the newly acquired facility perfectly compliment the product portfolio that the company has to offer to the Vinyl Processing Industries that have been customers to the company for more about 2 decades now, while significantly enhancing the range of product offing to the customers from a varied application areas including the Electrical Cable Insulation and Sheathing Compounds, Footwear Sole Compounds along with Faux Leathers for Footwear Uppers, Cars and Furniture Upholstery applications including Furnishing Materials, Shower Curtains, Bags and Luggage materials along with Clear Vinyl Films for Lamination and Packaging applications.
Vikas Ecotech is engaged in the business of Speciality Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries, catering to a wide horizon of applications in Agriculture, Infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.
Company Name | CMP |
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Tata Chemicals | 1080.00 |
SRF | 2288.80 |
Pidilite Inds. | 3003.20 |
Aarti Inds | 631.90 |
Gujarat Fluorochemic | 3236.50 |
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