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Chembond Chemicals to divest its 49% stake in Henkel Chembond Surface Technologies

25 May 2015 Evaluate

Chembond Chemicals, Mumbai has signed an agreement with Henkef Adhesives Technologies India, a subsidiary of Henkel AG & Company KGaA, headquartered in Dusseldorf, Germany, to divest its 49% shareholding in Henkel Chembond Surface Technologies.

This divestment brings to an end a successful partnership between two highly reputed companies that came together to introduce newer technologies and grow along with the emerging industries in India.

Chembond Chemicals is engaged in specialty chemicals business and offers a range of products for industrial applications. The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading.


Peers
Company Name CMP
Godrej Industries 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
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