Solvay Buys Indian Surfactants Maker | Chemical & Engineering News
Volume 90 Issue 38 | p. 17 | Concentrates
Issue Date: September 17, 2012

Solvay Buys Indian Surfactants Maker

Department: Business
Keywords: surfactants, acquisition, India

Solvay has agreed to acquire a controlling interest in India’s Sunshield Chemicals from the Amit Choksey Group. With sales in its most recent fiscal year of about $17 million, Sunshield produces surfactants near Mumbai for agrochemical, textile, home care, and other applications. It also makes cross-linkers and antioxidants. Solvay says the purchase of Sunshield will help it achieve a goal of doubling sales in India by 2015. Its sales in the country were about $230 million last year.

 
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