Tata Chemicals has completed the acquisition of precipitated silica business of Allied Silica (ASL) by way of a slump sale on a going concern basis, after the receipt of requisite approvals and fulfillment of Conditions Precedent as contemplated in the Business Transfer Agreement (BTA) dated April 7, 2018.
The acquisition is effective from June 18, 2018 and includes the existing manufacturing site of ASL, which is recently commissioned, for precipitated silica at SIPCOT lndustrial Park Phase II, Cuddalore, in Tamil Nadu.
Tata Chemicals is the second-largest producer of soda ash in the world with manufacturing facilities in India, UK, Kenya and USA. It is India’s leading crop nutrients player and a leading player in crop protection business through its subsidiary Rallis India.
