M&A

M&A

RP-Sanjiv Goenka group co PCBL to acquire Aquapharm Chemicals for Rs.3,800-Cr

BSE Disclosure   Business Standard  

The RP-Sanjiv Goenka (RPSG) Group's PCBL (formerly Phillips Carbon Black) is to acquire 100% stake in Pune-based specialty chemicals company, Aquapharm Chemicals (ACPL), for INR 3,800 crore. The transaction will be financed through a mix of internal accruals and external fundraising. The deal would mark PCBL's foray into global specialty segments of water treatment chemicals and oil & gas chemicals ACPL has manufacturing facilities in India, the US, and Saudi Arabia. The overseas plants are operated through subsidiaries. In 2022-23 (FY23), ACPL recorded a total income of INR 2,045 crore and earnings before interest, tax, depreciation, and amortisation of INR 417 crore.