Godrej Industries Ltd announced plans to acquire a unit of Shree Vallabh Chemicals in Kheda, Gujarat, for about Rs 45 crore. The company’s chemicals division has signed an agreement to buy the Ethoxylation Unit II from Shree Vallabh Chemicals, aiming to expand its product offerings.
This unit has a production capacity of 24,000 MTPA (Million Tonnes Per Annum) of finished products. The acquisition will help Godrej Industries incorporate Ethoxylation technology into its portfolio, enhancing its range of process and batch technologies.
Vishal Sharma, Executive Director and CEO of Godrej Industries (Chemicals), said, “This acquisition will help us expand our offerings and serve new applications for our customers. It will also provide us with cost synergies and accelerate our investment timeline.”
Godrej Industries, a prominent Indian conglomerate, operates in sectors like consumer goods, real estate, agriculture, and chemicals. Established in 1897, the company has grown to become a well-known name, particularly in household products and office furniture. It has a strong commitment to innovation and sustainability, continuously enhancing its product offerings and operational practices.
Godrej’s diverse portfolio and significant market presence have made it a key player in India’s industrial landscape. Its dedication to corporate social responsibility and ethical business practices further underscores its reputable standing in the industry.
