Mumbai-based specialty chemicals player Clariant Chemicals (India) Ltd today declared the successful closure of the getting Gujarat-based Plastichemix Industries. The deal value was pegged at Rs 135 cr.
Earlier, in Dec 2013, Clariant Substances had declared its purpose to obtain Plastichemix Industries with production facilities at Rania, Kalol & Nandesari.
“Clariant in India will now be one of the top master batches producer, that will offer a variety of products like black, white, additive, product & color master batches, purged pigmentation & mono-concentrates & engineering plastics compounds,” a company declaration here claimed.
Deepak Parikh, vice-chairman & Managing Director, Clariant Chemicals said, “Our recent business improvements are an evidence of our dedication to the growing Indian market. We believe that reinvesting in our developments will strategically align our business goals and objectives globally. In this process, we aim to improve our portfolio & maintain productivity in our core businesses that will benefit all stakeholders.”
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