Sudarshan Chemical Industries' has proposed to sign an agreement with Eckart, Germany for acquiring of assets relating to the natural mica based pearlescent pigment products for cosmetics and personal care sold under the brand Prestige and Fionac C owned by Eckart, Germany and or its affiliates. The agreement is proposed to be signed on December 15, 2011 in this regard.
Sudarshan Chemical is engaged in the production of organic and inorganic pigments and intermediates and diversified into the production of Agrochemicals. It is a part of the Rathi group of companies and contributes about 70% to the total sales revenue of the Group. The company is divided into three Strategic Business Groups namely, Pigments, Effect Pigments and Agrochemicals with manufacturing facilities at Roha and Mahad in Maharashtra.