Sudarshan Chemical to buy global pigment biz of Heubach for Rs 1,180 cr
Sudarshan Chemical Industries Ltd on Friday said it will acquire global pigment business operations of the Heubach Group of Germany for a total consideration of Euro 127.5 million (about Rs 1,180 crore).
The company has entered into definitive agreement on October 11, 2024, whereby Sudarshan Europe BV, a wholly-owned subsidiary in the Netherlands, will acquire the global pigment business operations of the Heubach Group of Germany, Sudarshan Chemical Industries Ltd (SCIL) said in a regulatory filing.
The acquisition is for a cash consideration of Euro 127.5 million (about Rs 1,180 crore), it added.
The proposed transaction includes the acquisition of assets and business operations of Heubach Colorants Germany GmbH, Heubach GmbH (c) Dr Hans Heubach GmbH, and Heubach Group GmbH and participations held by Heubach Holding Switzerland AG, in downstream Group Companies in various countries from insolvency administrator in the aforesaid countries, the filing said.
It also includes the ...