Sudarshan Chemical acquires Heubach’s global pigment bizz

14 Oct 2024 , 09:15 AM

Sudarshan Chemical Industries’ share price rose 20% in October 11 trade after the company announced the acquisition of Heubach’s global pigment business for ₹1,180 Crore by its unit.

The combined firm will be led by Rajesh Rathi, SCIL’s Managing Director, and a high-performing management team with strong execution abilities and technical expertise.

Heubach is a significant operator in the specialty chemicals industry, offering organic and inorganic pigments, dyes, dispersions, and anti-corrosion pigments. It became the world’s second-largest pigment player after acquiring Clariant’s BU Pigments in 2022.

Following the acquisition, the merged firm will have a comprehensive pigment portfolio of high-quality products, as well as a strong presence in key regions such as Europe and the Americas.

The transaction, which is slated to finalise in 3-4 months, is intended to strengthen Sudarshan Chemical’s product offering by providing greater access to clients and a diverse asset footprint spanning 19 facilities worldwide.

On October 11, Heubach Colourants India surged to an intraday high of ₹733.90 per share on the NSE, gaining nearly 10%. However, immediately after, the stock experienced profit-taking and was trading at ₹675.90 per share on the NSE at approximately 3.15 PM.

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