Sudarshan Announces Divestment Of Its Plastic Masterbatch Business
Sudarshan Chemical Industries Limited announces the divestment of its plastics masterbatch business, Prescient Color Limited, to Americhem, Inc. The transaction was completed on 1st June 2018. Ernst & Young, LLP acted as the exclusive M & A advisor to Sudarshan for the transaction.
This strategic divestment demonstrates the company commitment to grow aggressively in the Plastics industry through a no-conflict approach with the customers. It further highlights the company resolve to focus on pigments as the core business, to be a market leader.
Sudarshan Chemical planned to invest around INR 1000 crores (USD 150 Million) over the next five years to underpin these growth targets.