Sudarshan Chemical Industries Ltd. (SCIL) has entered into a definitive agreement to acquire the Global Pigment Business Operations of the Heubach Group. The acquisition is valued at approximately INR 1,180 crore and is expected to be completed within 3-4 months. This deal is seen as a significant move by SCIL to expand its footprint in the global specialty chemicals industry, with Heubach’s operations spanning across 19 sites worldwide.
This acquisition will not only bolster SCIL’s product portfolio but also enhance its access to key markets in Europe, the Americas, and the Asia-Pacific region. Heubach, a 200-year-old company, is recognized as the second-largest pigment player globally, especially after its acquisition of Clariant’s BU Pigments in 2022. In the past three years, Heubach reported revenues exceeding a billion euros annually, reinforcing its position in the industry.
Sudarshan Chemical is set to benefit from Heubach’s diverse pigment offerings, which include organic and inorganic pigments, dispersions, dyes, and anti-corrosion pigments. Regulatory approvals from the Competition Commission of India and other jurisdictions are required for the acquisition.
The company expects the acquisition to significantly expand its market presence and enhance its product offerings, making it a major player in the global pigments space
