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Sudarshan Chemical Industries Limited has completed the acquisition of the Global Pigment Business Operations of the Heubach Group, significantly enhancing its portfolio. Heubach, which generated over €1 billion in revenue in its last two fiscal years, is now a part of Sudarshan Europe B.V., Sudarshan's wholly-owned subsidiary based in the Netherlands.
The acquisition, valued at approximately ₹1,160 Crore, includes key assets and business operations of several Heubach entities and their 100% shareholding holdings in a Luxembourg-based company. This strategic move strengthens Sudarshan's presence in major markets, including Europe and the Americas, diversifying its product offerings and global footprint.
With all necessary approvals secured, the company is positioned for positive growth as it integrates the operations, likely improving customer access and providing a more comprehensive range of high-quality pigments. Investors are encouraged to observe how this acquisition bolsters Sudarshan's competitive position in the specialty chemicals industry.
All announcements from Sudarshan Chemical Industries Limited