Sudarshan Chemical Industries Limited (SCIL) has successfully completed the acquisition of Germany-based Heubach Group through its wholly owned subsidiary, Sudarshan Europe
B.V. The acquisition, structured as a combination of an asset and share deal, marks a significant milestone for the Indian specialty chemicals sector, positioning SCIL as a global pigment leader.
This strategic move enhances Sudarshan’s international footprint, expanding its operations across 19 sites worldwide, including key markets in Europe and the Americas. The integration of Heubach’s advanced technological capabilities with SCIL’s established operations is expected to drive innovation, efficiency, and an expanded product portfolio.
Heubach, which has a 200-year-old legacy, became the world’s second-largest pigment producer after merging with Clariant’s pigments division in 2022. Despite generating over a billion euros in revenue in FY21 and FY22, the company faced financial difficulties in recent years due to rising costs, inventory challenges, and high interest rates. SCIL’s acquisition aims to address these issues through a structured turnaround strategy.
Rajesh Rathi, Managing Director and CEO of Sudarshan Chemical, highlighted the importance of this development, stating, “Today marks an exciting new chapter as we unite with Heubach to become an inspirational leader in the colorants industry. Our goal is to build the world’s most valuable pigment company with strong financial stability and profitability. This acquisition allows us to drive continuous innovation and deliver breakthrough solutions for our customers globally.”
The completion of the transaction underscores SCIL’s commitment to global expansion while reinforcing its leadership in the pigments sector. The company’s immediate focus will be on streamlining operations, achieving cost synergies, and fully integrating Clariant, Heubach, and Sudarshan into a unified entity.
Germany remains a strategic location for Sudarshan Chemical, and with the establishment of its second global headquarters in the Frankfurt region, the company aims to strengthen its European operations further. This move highlights India’s growing influence in the global chemicals and specialty pigments industry, with SCIL emerging as a key player on the world stage.