Sudarshan Chemical Industries announced on Friday that it has signed a definitive agreement to acquire the global pigment business of the Heubach Group for Rs 1,180 crore through its wholly-owned subsidiary.
According to a regulatory filing, Sudarshan Chemical stated, “Sudarshan Europe BV, a wholly-owned subsidiary based in the Netherlands, will acquire the global pigment business operations of the Heubach Group, including assets and companies in Germany, Luxembourg, and other countries, for a total of €127.5 million (approximately Rs 1,180 crore).”
The acquisition includes Heubach’s key pigment manufacturing companies in Germany, Switzerland, and other locations, as well as 100% shareholding in Heubach Holdings S.a.r.l., a Luxembourg-based company with investments in India and the U.S. Heubach is a prominent player in the specialty chemicals sector, offering a wide range of organic and inorganic pigments, dyes, and anti-corrosion solutions.
Post-acquisition, the merged entity will offer an expanded pigment portfolio with a stronger presence in Europe and the Americas. The deal, which is expected to close within 3-4 months, will enhance Sudarshan’s global footprint, especially given Heubach’s annual revenues of over a billion euros in FY21 and FY22, with a significant presence across Europe, the Americas, and the Asia-Pacific region.
Sudarshan Chemical Industries is a leading Indian manufacturer of color pigments and one of the largest producers of high-performance pigments in the world. Established in 1951, the company offers a wide range of organic and inorganic pigments, dispersions, and specialty chemicals catering to industries such as coatings, plastics, printing inks, and cosmetics.
With a strong focus on innovation and sustainability, Sudarshan has expanded its global footprint, exporting to over 85 countries. The company’s commitment to quality and customer-centric solutions has made it a preferred choice in the pigment industry, driving its growth and prominence in global markets.
