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Investment
Piramal, Bain invest in marine chemicals
by Jean-François Tremblay
December 2, 2018
| A version of this story appeared in
Volume 96, Issue 48
Bain Capital Credit and India Resurgence Fund, an investment vehicle backed by Piramal Enterprises, will spend $156 million to buy a stake in the marine chemical business of Archean Group. Drawing on marine brine, the business produces potash fertilizer and is India’s largest maker of industrial salt and bromine. The fund injection will be used to refinance debt, invest in manufacturing, and increase working capital. Piramal and Bain hope to grow sales in Japan, China, the Middle East, and Europe.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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