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Clariant Chemicals (India) Ltd on Wednesday announced the successful closure of the acquisition of Plastichemix Industries.
On December 16, 2013, Clariant Chemicals (India) had announced its intent to acquire Plastichemix Industries, a Gujarat-based masterbatches business in India, with production facilities at Rania, Kalol and Nandesari for Rs 135 crore.
Clariant will now be a leading masterbatches producer offering a range of products, Deepak Parikh, Vice-Chairman and Managing Director, Clariant Chemicals (India) Ltd, said in a statement here.
Clariant‘s masterbatches business unit is a global leader in colour and additive concentrates and performance solutions for plastics. Clariant offers a diverse portfolio of standard and custom color and additive products with production of more than 10,000 colour matches annually. It has over 50 manufacturing plants around the world.
Clariant Chemicals (India) is a part of Swiss speciality chemical giant Clariant AG, while Plastichemix, founded in 1977, serves all sectors of the plastic processing industry.
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