Sudarshan Chemical Industries (SCIL) has entered into definitive agreement on October 11, 2024 to acquire Global Pigment Business Operations of the Heubach Group of Germany for a total consideration of Euro 127.5 million (around Rs 1,180 crore). The company will acquire Global Pigment Business Operations through its Wholly Owned Subsidiary in Netherlands -- Sudarshan Europe BV.
Post-acquisition, the combined entity will have a comprehensive pigment portfolio of high-quality products and a strong presence in major markets including Europe and the Americas. It will enhance SCIL’s product portfolio, giving it deeper access to customers and a diversified asset footprint across 19 sites globally.
The acquisition is expected to close in 3-4 months, subject to the satisfaction of customary closing conditions, including approvals from regulators and SCIL shareholders.
Sudarshan Chemical Industries is a leading, world-class colour solutions provider with a strong global outreach in the production of performance colorants, an extensive range of Organic, Inorganic and Pearlescent pigments as well as Dispersions.
| Company Name | CMP |
|---|---|
| Sudarshan Chemicals | 834.50 |
| Bodal Chemicals | 67.67 |
| Shree Pushkar Chem | 345.00 |
| Kiri Industries | 412.75 |
| Ultramar & Pigments | 415.45 |
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