Sudarshan Chemical Industries Ltd to acquire Global Pigment Business Operations of Heubach Group

Sudarshan Chemical Industries Limited ("the Company / SCIL") has entered into definitive agreement on 11th October, 2024, whereby Sudarshan Europe BV, Wholly Owned Subsidiary of the Company in Netherlands ("SEBV Europe") shall acquire Global Pigment Business Operations of the Heubach Group of Germany for a total consideration of Euro 127.5 Million (Approx. INR 1,180 Crore).

The Heubach Group has a 200-year history and became the second largest pigment player in the world after acquiring Clariant's BU Pigments in 2022. Heubach had over a One Billion Euros in revenue in FY21 and FY22, with strong global footprint especially in Europe, Americas, and the Asia Pacific region.

The proposed transaction comprises of acquisition by Sudarshan Europe B.V. of

(i) assets and business operations of (a) Heubach Colorants Germany GmbH, (b) Heubach GmbH (c) Dr. Hans Heubach GmbH, and (iv) Heubach Group GmbH and participations held by Heubach Holding Switzerland AG, in downstream Group Companies in various countries from insolvency administrator in the aforesaid countries.

(ii) 100% shareholding of Heubach Holdings S.a.r.l., a Luxemburg based Heubach Group Company having investments in shareholding in companies based in India and USA.

Post-acquisition, the combined entity will have a comprehensive pigment portfolio of high-quality products and a strong presence in major markets including Europe and the Americas. It will enhance SCIL's product portfolio, giving it deeper access to customers and a diversified asset footprint across 19 sites globally.

Shares of Sudarshan Chemical Industries Limited was last trading in BSE at Rs. 1207.50 as compared to the previous close of Rs. 1013.80. The total number of shares traded during the day was 131803 in over 4937 trades.

The stock hit an intraday high of Rs. 1216.55 and intraday low of 997.10. The net turnover during the day was Rs. 154990599.00.

Source : Equity Bulls

Keywords

SudarshanChemicalIndustries INE659A01023 SpecialtyChemicals SudarshanEuropeBV Acquisition GlobalPigmentBusiness HeubachGroup Germany