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People & Business :: M&A

Solvay completes acquisition of surfactants manufacturer in India

12:02 AM MST | January 2, 2013 | Deepti Ramesh

Solvay says it has completed the previously announced acquisition of a controlling interest in Sunshield Chemicals (Mumbai), which specializes in surfactants, from Amit Choksey Group. Financial details of the deal were not disclosed. The acquisition will enable Solvay’s Novecare business to accelerate growth plans in India for the home and personal care, agricultural chemicals, coatings, and industrial applications markets, Solvay says. Sunshield Chemicals, which is listed on the Bombay Stock Exchange (Mumbai), produces and exports surfactants...

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