Issue Date: April 21, 2008
Germany's CABB buys Indian rival
German specialty intermediates producer CABB will acquire the majority of India's Karnavati Rasayan, a producer of monochloroacetic acid (MCAA). CABB, which is owned by AXA Private Equity, is one of the world's largest producers of MCAA and makes sulfur- and chlorine-based intermediates. Its annual sales are about $475 million. Karnavati has two production sites in and around Ahmedabad, in Gujarat state, and calls itself India's largest producer of MCAA.
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