M&A
Sudarshan Chemical Industries acquires Germany-based pigment maker Heubach for Rs.1,180-Cr
Pune-headquartered, publicly-listed Sudarshan Chemical Industries (SCIL) is to acquire distressed, Germany-based Heubach Group for INR 1,180 crore (EUR 127 million).The Heubach Group, with a 200-year history, is the second-largest pigment player in the world after its integration with Clariant in 2022. Heubach has 17 manufacturing sites globally. It had reported over one billion euros in revenue in FY21 and FY22. But the firm faced financial challenges over the past two years due to rising costs, inventory issues and high interest rates.
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