Rossari Biotech, an Indian chemical manufacturing company, has completed its previously announced acquisition of a 65% stake in Unitop Chemicals Private Limited. The deal was announced in June 2021, under which Rossari Biotech would initially acquire the 65% stake and later on buy out the remaining 35% stake over the next couple of years. It […]
Benvic Group, a France-based thermoplastic solutions provider, has acquired Chemres, an American provider of polymers, custom compounds, and solutions for a range of industries such as medical, packaging, wire, and cable. The financial terms of the deal were not disclosed. Chemres, which is headquartered in Princeton, New Jersey, is a specialty compounder. The company is […]
Isgec Heavy Engineering has bagged an order from Dwarikesh Sugar Industries for a 175 KLPD multi-feed distillery for the latter’s site at Bareilly in Uttar Pradesh. The multi-feed distillery’s capacity is based on sugar cane syrup, B-heavy molasses, and final molasses for producing absolute alcohol (Ethanol), which will be blended with petrol (EBP). According to […]
SRF Limited said that its board of directors has sanctioned a project for expanding its capacity for fluorocarbon refrigerant gas at its chemical complex in Dahej, Gujarat. The estimated cost of the expansion project is INR 550 crores and is being taken up to cater to the expected demand from the domestic as well as […]
SI Group, a New York-based performance additives company, has agreed to divest the majority of its global industrial resins operations to ASK Chemicals for an undisclosed price. Based in Hilden,ASK Chemicals Germany, ASK Chemicals is a portfolio company of Rhône Group, a private equity firm. The sale includes SI Group’s industrial resins products and related […]
Fineotex Chemical Limited, an Indian specialty chemical producer, has forged a joint venture (JV) agreement with biotech solutions provider HealthGuard Australia. The Indian firm will become the exclusive global marketing and sales channel partner of HealthGuard Australia with joint operations from Malaysia. With the partnership, Fineotex Chemical will add metal-free safety to its portfolio to […]
Pidilite Industries, an Indian adhesives manufacturing company that owns the Fevicol brand, said that Sudhanshu Vats will join as its new deputy managing director from September 2021. An alumnus of IIM-Ahmedabad and NIT Kurukshetra, Sudhanshu Vats has 30 years of work experience, serving firms like Unilever, Castrol, Viacom18, and most recently – EPL (previously called […]
Rossari Biotech, a Mumbai-based specialty chemicals manufacturer, has agreed to acquire Tristar Intermediates in a deal that values the latter at INR 120 crores. Founded in 1998, Tristar Intermediates is engaged in manufacturing preservatives, aroma chemicals, and home and personal care additives at its distillation facilities. Tristar Intermediates, which is based in Thane, Maharashtra, caters […]
GHCL Limited, an Indian chemical and textile company, said that its secured creditors have approved the scheme of demerger of its inorganic chemicals and textile businesses. The New Delhi based company said that its shareholders and unsecured creditors had already given their nod to the scheme of demerger in a meeting held in April 2021. […]
Heranba Industries has secured environmental clearance from the Indian Ministry of Environment, Forest, and Climate Change for expanding its Sarigam plant in Gujarat. The environmental clearance allows the Indian agrochemical company to manufacture pesticide intermediates, herbicides, fungicides, and insecticides at its plant located at Gujarat Industrial Development Corporation’s Sarigam in Umbergaon, Valsad district. Heranba Industries […]