Safex Chemicals acquires Mumbai-based Shogun Organics
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Last Updated: May 05, 2021, 06:17 PM IST
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Synopsis
Commenting on the deal, Safex Chemicals Director Piyush Jindal said, "We intend to leverage Shogun's existing infrastructure to backward integrate into the agrochemical technicals segment and expand into the agrochemical exports market".
PTI
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.
Meanwhile, the promoters of Safex -- SK Chaudhary, Neeraj Jindal, Rajesh Jindal and Piyush Jindal -- will join the board of Shogun Organics, it added.