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India's Aditya Birla Chemicals to acquire Solaris ChemTech's chlor-alkali assets

8:23 AM MDT | June 3, 2013 | Francinia Protti-Alvarez

Aditya Birla Chemicals (ABC; Mumbai), a subsidiary of Aditya Birla Group, has approved the acquisition of the chlor-alkali and phosphoric acid division of Solaris ChemTech Industries (Gurgaon, India), a subsidiary of the Avantha Group (New Delhi), for a cash consideration of 1.53 billion Indian rupees ($26.9 million), ABC has announced. "This strategic acquisition further strengthens our position in the chlor-alkali business. It will take our chlor-alkali business on a higher growth trajectory and marks our entry into a new market segment, phosphoric...

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