Sudarshan Chemical enters into a definitive agreement to acquire the Heubach Group
Sudarshan Chemical Industries Limited announced that it has entered into a definitive agreement to acquire the Heubach Group, based in Germany, in a combination of asset and share purchases.
This strategic acquisition is intended to create a global pigments company that combines SCIL’s operational knowledge and expertise with Heubach’s technological capabilities.
Post acquisition, the combined company is expected to have a broad pigment portfolio and a strong presence in key markets such as Europe and the Americas. The acquisition will expand SCIL’s product portfolio and provide access to customers and a diversified asset base across 19 locations worldwide. The combined company will be led by Rajesh Rathi and a high-performing management team.
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The Heubach Group has a history of 200 years and became the second largest pigment manufacturer in the world after the integration of Clariant’s pigment business in 2022. Heubach generated revenues of over one billion euros in fiscal years 2021 and 2022 and has a global presence, particularly in Europe, the Americas and the APAC region. The group has faced financial challenges over the last two years due to rising costs, inventory issues and high interest rates. SCIL’s acquisition of Heubach will address these challenges with a clear turnaround plan.
