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Mergers & Acquisitions
Sudarshan bags bankrupt pigment firm Heubach
by Alex Scott
October 20, 2024
| A version of this story appeared in
Volume 102, Issue 33
The Indian pigment producer Sudarshan Chemical Industries has agreed to acquire the German pigment maker Heubach Group, which filed for bankruptcy in April. Press reports from India value the deal at about $140 million. Heubach was part of a consortium that acquired Clariant’s pigment business in 2022. The enlarged Heubach posted sales of more than $1 billion in 2022. Sudarshan has two production sites in India and recorded $307 million in sales in its most recent fiscal year.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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