Heubach Group announces that it has entered into a definitive agreement to be acquired by Sudarshan Chemical Industries Limited (SCIL), a listed Indian company and a leading global pigment producer. The transaction remains subject to the satisfaction of customary closing conditions, including regulatory approvals.
Post-acquisition, the combined company will offer a pigment portfolio of high-quality products and have a strong presence in key markets, including Europe and the Americas.
Bram D’hondt, Managing Director of Heubach Group GmbH, shared: “By joining hands with SCIL, we aim to reclaim our 200+ year legacy of serving customers with high-quality products. Together, we will shape the future of the pigments industry by continuing our ethos of customer-centricity and product excellence. Our combined capabilities will enable us to better serve the interests of customers and suppliers.”
Heubach assures its customers that there will be no immediate changes to current projects, contracts, services, or points of contact. The company will remain fully committed to delivering on all manufacturing commitments and serve its customers during this transition period in which the German Heubach companies remain under the management of the insolvency and receivership administration.
The combined entity will be led by Mr. Rajesh Rathi, Managing Director of SCIL, alongside a high-performing management team with deep technical expertise and operational excellence. The worldwide jobs of the Heubach Group will be largely retained in the future.
