Punjab Chemicals to acquire Excel Industries for 1,00,000 Euros

New Delhi, July 31 (UNI) Punjab Chemicals and Crop Protection Ltd (PCCPL) today announced that it will acquire the balance 49 per cent shares held by Europe-based Excel Industries in SD Agchem, Europe to make it a wholly-owned subsidiary for consideration of Euro 1,00,000.

In addition, the company has also decided to acquire total shareholding of Pauraj Chemicals Pvt Ltd before its amalgamation into the company for Rs 0.125 million.

PCCPL deals in agrochemicals, pharmaceutical intermediates, API's, Phosphorous derivatives and specialty chemicals.

The company is having six manufacturing sites strategically located in different parts of India with R&D facilities, pilot plant facilities and plants complying to international standards.

UNI DKS CS DB2044