Sudarshan Chemical Industries Limited (SCIL) announced the successful acquisition of Heubach Group, based in Germany, through its wholly-owned subsidiary, Sudarshan Europe B.V. This acquisition, combining both asset and share deals, positions SCIL as a global leader in the pigment industry.
The strategic move combines SCIL’s established operations and expertise with Heubach’s advanced technology, creating a powerful portfolio of high-quality products. The integration will extend SCIL’s reach to 19 sites worldwide, significantly enhancing its presence in Europe, the Americas, and other key global markets.
With a diverse range of pigments, the newly formed company is well-positioned to deliver innovative solutions tailored to the needs of customers across the globe. Rajesh Rathi will lead the company as Managing Director and CEO, supported by a talented leadership team focused on technical and managerial excellence.
Heubach, with a rich 200-year history, became the second-largest pigment producer globally following its merger with Clariant in 2022. Despite challenges in recent years due to rising costs and other financial pressures, Heubach had revenues exceeding one billion euros in FY21 and FY22. SCIL’s acquisition aims to address these financial hurdles and set a clear path for recovery.
Mr Rathi expressed his enthusiasm for the deal, stating, “This is an exciting new phase as we unite with Heubach to lead the colorants industry. Our goal is to create the world’s most valuable pigment company, built on a foundation of financial strength and innovation. Together, we will create breakthrough solutions that benefit all our stakeholders.”
SCIL has ensured the integration is on track and is focused on streamlining operations, unlocking synergies, and creating a unified, stronger organization. The immediate priority is to operate as one cohesive entity, combining the strengths of Sudarshan, Heubach, and legacy Clariant. Germany continues to be a key strategic location for SCIL, with plans to establish its second global headquarters in the Frankfurt region, underscoring its significance in the company’s growth strategy.
The newly formed SCIL embodies bold ambition, customer focus, and a commitment to innovation. Through streamlined operations and a focus on financial stability, the company aims to drive long-term growth and success.
