Post-acquisition, the mixed entity may have a comprehensive pigment portfolio of awesome products and a sturdy presence in essential markets which includes Europe and the Americas.
Sudarshan Chemical Industries on Friday announced that it has entered into a definitive settlement to accumulate international pigment commercial enterprise operations of the Heubach Group, for 1,180 via its totally owned subsidiary.
In a regulatory filing, Sudarshan Chemical stated, “We want to tell you that Sudarshan Chemical Industries Limited (the Company / SCIL) has entered into definitive agreement on 11th October, 2024, whereby Sudarshan Europe BV, utterly owned subsidiary of the business enterprise in Netherlands (SEBV Europe) shall accumulate international pigment enterprise operations of the Heubach Group of Germany for a complete consideration of Euro 127.5 million (approx. Rs 1,180 crore).”
The proposed transaction accommodates of acquisition of Sudarshan Europe BV of:
(i) assets and enterprise operations of (a) Heubach Colorants Germany GmbH, (b) Heubach GmbH (c) Dr Hans Heubach GmbH, and (iv) Heubach Group GmbH and participations held by way of Heubach Holding Switzerland AG, in downstream Group Companies in diverse nations from insolvency administrator within the aforesaid nations.
(ii) 100% shareholding of Heubach Holdings S.A.R.L., a Luxemburg primarily based Heubach Group Company having investments in shareholding in businesses based in India and USA.
Heubach is a key participant within the speciality chemical compounds industry which includes organic pigments, inorganic pigments, dyes, dispersions and anti-corrosion pigments.
Post-acquisition, it said, the blended entity will have a comprehensive pigment portfolio of superb products and a strong presence in fundamental markets which include Europe and the Americas. Per the information shared with the aid of the organisation, the purchase is predicted to shut in 3-4 months.
Heubach had recorded a sales of over billion euros in FY21 and FY22, with a strong international footprint particularly in Europe, Americas, and the Asia Pacific place.
