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Business

Solvay Buys Indian Surfactants Maker

by Michael McCoy
September 17, 2012 | APPEARED IN VOLUME 90, ISSUE 38

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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