Clariant India completes acquisition of Plastichemix

Clariant Chemicals India Ltd has announced the successful closure of the acquisition of Plastichemix Industries - a Gujarat based masterbatches manufacturers. The company had announced on December 16, 2013, its intent to acquire Plastichemix Industries having production facilities at Rania, Kalol and Nandesari. Clariant will now be one of the leading masterbatches producer in India and will offer a wide range of products like black, white, additive, filler & colour masterbatches, flushed pigments & mono-concentrates and engineering plastics compounds.
 
Dr Deepak Parikh, Vice-Chairman and Managing Director, Clariant Chemicals (India) Ltd, said, “Our recent business developments are a proof of our commitment to the growing Indian market. We believe that reinvesting in our businesses will strategically align our business goals and objectives globally. In this process, we aim to reshape our portfolio and maintain profitability in our core businesses that will benefit all stakeholders.”
 
Sandeep Puri, India BU Head of Masterbatches, added, “This acquisition helps us enhance our product portfolio and provide the exacting needs of our customers. Our wider marketing network also enables us deliver faster and tailor-made service levels to them, ultimately resulting in a win-win situation for each other.”
 
Clariant’s Masterbatches business unit is a recognised global leader in colour and additive concentrates and performance solutions for plastics. Clariant offers a diverse portfolio of standard and custom colour and additive products with production of more than 10,000 colour matches which are completed each year. With more than 50 manufacturing plants around the world, Clariant Masterbatches products, technology and service deliver competitive advantages that foster long-term customer relationships.