Get latest articles and stories on Latest News at LatestLY. Agro-chemical firm Safex Chemicals India Ltd on Tuesday said it has acquired UK-based Briar Chemicals for 73 million pounds to expand its business globally. Latest News | Safex Chemicals Acquires UK s Briar Chemicals for 73 Million Pounds.
New Delhi, Oct 11: Agro-chemical firm Safex Chemicals India Ltd on Tuesday said it has acquired UK-based Briar Chemicals for 73 million pounds to expand its business globally. Briar Chemicals is the UK’s leading agrochemicals Contract Development and Manufacturing Organisation (CDMO). In a statement, Safex Chemicals said that it has acquired Briar Chemicals from Germany-based investment firm AURELIUS Equity Opportunities for GBP 73 million. Safex is backed by private equity firm ChrysCapital. Neeraj Jindal, Director of Safex, has joined the […]
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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.