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Clariant to acquire masterbatch producer in India

2:30 AM MST | December 17, 2013 | Deepti Ramesh

Clariant Chemicals India (Mumbai) says that it intends to acquire masterbatch producer Plastichemix Industries (Vadodara, India), for about 1.35 billion Indian rupees ($21.7 million). Plastichemix is a pioneer in the masterbatches business in India and has production facilities at Kalol, Nandesari, and Rania, in the Indian state of Gujarat, Clariant says. Plastichemix is a supplier of black, white, additive, filler and color masterbatches, flushed pigments and mono concentrates, as well as engineering plastics compounds. Clariant expects to complete the...

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