Germany's CABB buys Indian rival | Chemical & Engineering News
Volume 86 Issue 16 | p. 25 | Concentrates
Issue Date: April 21, 2008

Germany's CABB buys Indian rival

Department: Business | Collection: Sustainability

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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