MUTTENZ, Switzerland – Specialty chemicals company Clariant announced its intention to acquire Plastichemix Industries, a masterbatch business in India. Located in Vadodara, Plastichemix Industries has production facilities in Rania, Kalol and Nandesari in Gujarat (India). The company is a leading supplier of black, white, filler and color masterbatches; additive masterbatches; flushed pigments; mono-concentrates; and engineering plastics compounds.
With this acquisition, Clariant Chemicals (India) Ltd. (CCIL) gains a leading position in the masterbatches business in India. The deal enables the company to offer a strong and extensive product portfolio with customized products and solutions and to significantly expand its customer base. As part of the future business approach, an upgraded technical service laboratory will be introduced to offer innovative and customized products to the market.