Sudarshan Chemical Industries Limited’s subsidiary Sudarshan Europe B.V. has finalised the acquisition of Germany-based Heubach Group through an asset and share transaction. Through this strategic acquisition, SCIL’s operations and experience are combined with Heubach’s technological capabilities to create a global leader in pigments. It will expand SCIL’s product line and provide it with access to a diverse asset base spread over 19 foreign locations.
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The merged business will be well-represented in important regions, such as Europe and the Americas, and will provide a wide range of high-quality pigment products. As a result, the new Sudarshan is in a perfect position to provide top-notch solutions that satisfy the demands of its clients worldwide. In addition to a top-performing leadership group with techno-managerial skills, I will serve as the combined company’s managing director and CEO.
Vision for the future
Rajesh Rathi said, “Today marks an exciting new chapter as we unite with Heubach to become an inspirational leader in the colourants industry. The combined company builds on the rich legacies of both Sudarshan and Heubach. Our goal is now to create the world’s most valuable pigment company with great financial strength and profitability.”
Germany continues to be a strategic site for SCIL, and the firm highlights the region’s importance as a foundation for its operations and future expansion by locating its second global headquarters in the Frankfurt area.