Camlin Fine Sciences' subsidiary CFS Antioxidantes De Mexico S.A. DE C.V, Mexico (CFS Mexico) has entered into a share Purchase Agreements to acquire 65% stake in an entity in Mexico along with its proposed group companies, which shall be subject to certain conditions being fulfilled prior to the said acquisition. The target entity Dresen Quimica S.A.P.l.de C.V., Mexico (Dresen) is a medium sized company which is proposed to be acquired with its group companies (a condition precedent) means the Mexican entity Industries Petrotec de Mexico, S.A. de C.V.; the Peruvian company Nuvel, S.A.C.; the Guatemalan company Sritec, S.A., the Colombian company lnovel, S.A.S. and the Dominican Republic company Grinel, S.A. After the said acquisition, the company may expand its market reach in the North, Central and South America.
Dresen has large products portfolio, having proper sales mix with relevant processes and equipments in operation besides adequate installed capacity for operations to support future growth. It markets its products through its own sales force directed from its headquarters and its branches and a network of distributors in North, Central and South America.Camlin Fine is the world's second largest manufacturer and marketer of food grade antioxidants BHA (butylated hydroxyanisole) and TBHQ (Tertiary Butylhydroquinone).
