NEWS India’s SCIL to acquire Heubach


Sudarshan Chemical Industries (SCIL), an India- based colour group with manufacturing facilities in Roha and Mahad, is set to acquire Germany-based Heubach Group with the aim of creating a global pigment company combin- ing SCIL’s operations and expertise with Heubach’s technological capabilities. Post-acquisition, the combined company will have a broad pigment portfolio and a strong presence in major markets including Europe and the Americas. The Heubach Group has 17 manufacturing sites globally and became the


these challenges with a clear turnaround plan. Rajesh Rathi, MD of SCIL,


Sudarshan’s state-of-the-art warehouse in Roha, India


second largest pigment player in the world after acquiring Clariant’s pig- ments business in 2022. But the group has faced financial challenges over the


past two years due to rising costs, inventory issues, and high interest rates and it filed for insolvency in April this year. Sudarshan said the acquisition will address


Lanxess exits polymer business


Former plastic resins giant Lanxess is exiting the last remaining polymer business by agreeing to sell its Urethane Systems business, which generated sales of around €250m in the past year, to UBE Corporation of Japan for around €500m. The Urethane Systems business comprises five manufacturing sites around


the world as well as applica- tion laboratories in the USA, Europe, and China. UBE will take over all operations, along with around 400 employees. “The sale of Urethane


Systems marks another milestone in our fast transformation into a pure-play specialty chemi- cals company, as we are


divesting the last remaining polymer business in our portfolio,” said Matthias Zachert, Chairman of the Board of Management of Lanxess. The group said it intends to use the proceeds to reduce its net debt, and the transaction is set to close in the first half of 2025. � https://lanxess.com


BASF presents new corporate strategy


At its Capital Markets Day in Germany, BASF presented a new corporate strategy. During his key note


speech, BASF Chairman Markus said: “The strong and broad portfolio of chemical businesses at our core is what makes BASF most relevant to customers


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globally, across a wide variety of industries. Our standalone businesses serve distinct industries and are less connected to our integrated value chains. Going forward, we will unlock the value of these businesses.”


By delivering superior COMPOUNDING WORLD | November 2024


offerings to its customers, BASF wants to grow profitably and create value for shareholders. The group said it will also


strengthen capital discipline with lower capital expendi- tures and will continue its cost savings programmes. �www.basf.com


said, “We will carefully integrate these two compa- nies to create a truly global pigments company, with [Heubach’s headquarters in] Frankfurt remaining a strategically important location. SCIL is known for its agility and efficiency, and we will embed this culture throughout the combined company.” The acquisition is


expected to close in 3-4 months, subject to approv- als from regulators and SCIL shareholders. �www.sudarshan.com � https://heubach.com


Feddersen invests in Trebo


KD Feddersen Holding, parent company of Feddersen Group, is expanding its expertise in the circular economy by granting a convertible loan to Danish waste sorting company Trebo, which is to be transformed into shares in the company as part of the next financing phase. Trebo helps plastics


processors to sort their mixed or multi-component waste back into mono- material fractions, thereby reducing the carbon footprint and the need for new materials, said Feddersen in a statement. � https://kdfeddersen.com �www.trebo.dk


www.compoundingworld.com


IMAGE: SCIL


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