Press Release8 Jul 2024, 08:21 pm
Godrej Industries to Acquire Ethoxylation Unit of Shree Vallabh Chemicals for INR 45 Crore
AI Summary
Godrej Industries Ltd. has announced the signing of a Business Transfer Agreement with Shree Vallabh Chemicals Unit II to acquire their Ethoxylation Unit located in Kheda, Gujarat. The unit has a manufacturing capacity of 24,000 MTPA of finished products, and the transaction is expected to cost approximately INR 45 Crore. This acquisition will expand Godrej Industries' product offerings in the chemicals business by adding Ethoxylation technology to its portfolio.
Key Highlights
- Godrej Industries signs agreement to acquire Ethoxylation Unit II of Shree Vallabh Chemicals
- The unit is located in Kheda, Gujarat, and has a manufacturing capacity of 24,000 MTPA
- The transaction is expected to cost approximately INR 45 Crore
- This acquisition will expand Godrej Industries' product offerings in the chemicals business