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.