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Songwon completes acquisition of specialty chemicals business of Indian firm SeQuent

9:03 AM MDT | August 6, 2014 | Deepti Ramesh

Songwon Industrial (Ulsan, South Korea) says it has completed the previously announced acquisition of the specialty chemicals business of pharmaceutical company SeQuent Scientific (Bangalore, India). The acquisition includes SeQuent's polymer stabilizer business and production site at Panoli, India, together with the local R&D team. Financial details of the deal have not been disclosed. “This region is one of the fastest-growing polymer markets in the world and has great potential for the future,” says Giacomo Sasselli, executive...

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