• search

Solvay Specialties acquires Gharda Chemicals polymer division

Written by: Staff

New Delhi, May 12 (UNI) Solvay Specialities India Pvt Ltd, today announced it has acquired the Rs 500 million worth Polymer Division of Gharda Chemicals Limited, situated in Panoli, Gujarat.

The Polymers Division of Gharda Chemicals has a state-of-the-art R&D center and production plant, with about 175 employees and annual revenues of over Rs 500 million.

The division develops, manufacturers, and markets a range of speciality grades, high performance polymers and related monomers.

Solvay plans to synergize the polymer division with Solvay Advanced Polymers, L L C, headquartered in Alpharetta, Georgia, US and intends to invest in this strategic location to develop it into a global center for the development and production of speciality polymers and other innovative materials.

DSP Merrill Lynch Ltd was the financial advisor to Gharda Chemicals Limited for this transaction. Solvay Specialities India Pvt Ltd is a subsidary of Belgium based Solvay S A.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more