{"id":107352,"date":"2024-10-20T09:53:46","date_gmt":"2024-10-20T06:23:46","guid":{"rendered":"https:\/\/polymervapooshesh.ir\/?p=107352"},"modified":"2024-11-02T08:13:38","modified_gmt":"2024-11-02T04:43:38","slug":"german-pigments-maker-heubach-group-sold-to-indias-sudarshan-chemical","status":"publish","type":"post","link":"https:\/\/polymervapooshesh.ir\/en\/german-pigments-maker-heubach-group-sold-to-indias-sudarshan-chemical\/","title":{"rendered":"German pigments maker Heubach Group sold to India’s Sudarshan Chemical"},"content":{"rendered":"

Iranpolymer\/Baspar <\/strong><\/em>Sudarshan Chemical Industries Ltd. of India is acquiring German pigments maker Heubach Group in a deal valued at 127.5 million euros ($139 million).<\/p>\n

In a news release, officials with SCIL in Maharashtra said the acquisition “will create a global pigment company, combining SCIL’s operations and expertise with Heubach’s technological capabilities.”<\/p>\n

The sale comes six months after Langensheim-based Heubach\u00a0started insolvency proceedings. Officials said at the time the filing was made because of potential over-indebtedness following rapid change in financial markets in the past two years.<\/p>\n

They added the firm was unable to achieve a financial restructuring with all shareholders and lenders. Under German law, over-indebtedness occurs if the debtor’s assets \u2014 based on liquidation values \u2014 no longer cover its liabilities.<\/p>\n

With the sale to SCIL, officials with that firm said the combined business will have a broad pigment portfolio and a strong presence in major markets including Europe and the Americas. A combined SCIL\/Heubach will operate 19 sites globally. The transaction is expected to close early next year.<\/p>\n

“We will carefully integrate these two companies to create a truly global pigments company, with Frankfurt remaining a strategically important location,” SCIL Managing Director Rajesh Rathi said.<\/p>\n

“SCIL is known for its agility and efficiency, and we will embed this culture throughout the combined company to make it one of the most customer-centric and profitable pigment companies.”<\/p>\n

Heubach traces its roots to 1806, when Goslaer Farbenfabrik began making pigments in Goslaer, Germany. Heubach posted sales of 878 million euros ($959 million) in 2023, down 18 percent from 1.07 billion euros ($1.16 billion) in 2022.<\/p>\n

SCIL officials said Heubach faced financial challenges over the past two years from rising costs, inventory issues and high interest rates. They added the acquisition “will address these challenges with a clear turnaround plan.”<\/p>\n

SCIL is a global supplier of color effects and pigments for plastics and other markets. The publicly held firm posted operating profit of $307 million in the year ended March 31.<\/p>\n

In 2021, Heubach, in partnership with New York private equity firm SK Capital, acquired Clariant’s pigments business, which has operated since under the Heubach name.<\/p>\n

sustainableplastics<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Iranpolymer\/Baspar Sudarshan Chemical Industries Ltd. of India is acquiring German pigments maker Heubach Group in a deal valued at 127.5 million euros ($139 million). In a news release, officials with SCIL in Maharashtra said the acquisition “will create a global pigment company, combining SCIL’s operations and expertise with Heubach’s technological capabilities.” The sale comes six …<\/p>\n","protected":false},"author":5,"featured_media":107354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[69],"tags":[1299,58041,58043,58042],"class_list":["post-107352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-pigments","tag-scil","tag-scil-heubach","tag-sudarshan-chemical-industries"],"_links":{"self":[{"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/posts\/107352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/comments?post=107352"}],"version-history":[{"count":0,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/posts\/107352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/media\/107354"}],"wp:attachment":[{"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/media?parent=107352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/categories?post=107352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/polymervapooshesh.ir\/en\/wp-json\/wp\/v2\/tags?post=107352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}