Safex Chemicals India Ltd on Wednesday announced the acquisition of Mumbai-based chemical maker Shogun Organics for an undisclosed amount. The acquisition will provide Safex a platform to backward integrate the agrochemical technical segment and enter the home care and agrochemical technical manufacturing segment, the company said in a statement.
Shogun Organics is the largest player in Indian home-care technicals segment and has a strong customer base with leading players like Godrej and Reckitt amongst its customers.
Rohilla & Co advised
2021-05-05
Deal value: Confidential
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