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Ashok Alco-Chem transfers possession of immovable assets to Yellowstone Chemicals

28 Nov 2019 Evaluate

Ashok Alco-Chem has handed over the possession of Movable and Immovable Assets to Yellowstone Chemicals. This transfer does not include the transfer of MIDC leasehold rights in the Land & Building of factory & residential colony situated at Mahad in the state of Maharashtra. The company had signed Asset Purchase Agreement (APA) with Yellowstone Chemicals on August 14, 2019.

Ashok Alco-Chem is a major manufacturer, importer and exporter of organic chemicals.Their products include ethanol, ethyl acetate and acetic acid.

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