Chembond Chemicals has entered into an agreement to acquire the equity shares of Chembond Solenis Water Technologies (CSWTL) (a subsidiary company) from Solenis Netherlands B.V. The board of directors at its meeting held on April 27, 2017 has approved for the same. After the said acquisition, the subsidiary company shall become a wholly owned subsidiary of the company.
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.