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Sudarshan Chemical completes acquisition of Heubach Group

04 Mar 2025 Evaluate

Sudarshan Chemical Industries (SCIL) through its wholly owned subsidiary Sudarshan Europe B.V., has completed its previously announced acquisition of Germany-based Heubach Group (Heubach) in a combination of an asset and share deal. This strategic acquisition creates a global pigment leader, bringing together SCIL’s operations and expertise with Heubach's technological capabilities. It will enhance SCIL’s product portfolio, giving it access to a diversified asset footprint across 19 international sites.

The combined company will have a broad pigment portfolio of high-quality products and a strong presence in major markets including Europe and the Americas. With that, the new Sudarshan is ideally positioned to deliver high-quality solutions that fit its global customers’ needs.

Heubach has a 200-year-old history and became the second largest pigment player in the world after its integration with Clariant in 2022. It had over a billion euros in revenue in FY21 and FY22, with a global footprint especially in Europe, Americas, and the APAC region. Heubach faced financial challenges over the past two years due to rising costs, inventory issues, and high interest rates. SCIL’s acquisition of Heubach will address these challenges with a clear turnaround plan.

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.


Sudarshan Chemicals Share Price

947.55 -18.00 (-1.86%)
08-May-2026 16:59 View Price Chart
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