Safex Chemicals acquires Mumbai-based Shogun Organics
SECTIONS
Last Updated: May 05, 2021, 06:17 PM IST
Share
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.