Long-term Future Solution for the Heubach Group
Purchase Agreement Signed with Sudarshan Chemical Industries Limited (SCIL)
Frankfurt/Langelsheim, October 18, 2024. Heubach Group is pleased to announce 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, which remains subject to the satisfaction of customary closing conditions, including regulatory approvals, marks an important milestone for Heubach and opens a new chapter of growth centered around customer-centricity and service excellence.
A Strategic Partnership to Shape the Future of Pigments
Sudarshan Chemical Industries, with over 75 years of experience, has built a diverse and extensive product portfolio, becoming the fastest-growing pigment company worldwide.
Post-acquisition, the combined company will offer an exceptional 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.”
No Immediate Impact on Existing Contracts or Projects
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 at the highest level during this transition period in which the German Heubach companies remain under the management of the insolvency and receivership administration.
Looking Ahead
Heubach and SCIL are committed to making this integration as smooth as possible and look forward to continuing to serve their customers with excellence and care. 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.
“I am delighted that the insolvency proceedings in Germany have succeeded in preserving the Heubach Group in its entire breadth and global positioning and leading it into a new future. The prerequisite for this was the continued loyalty and broad support of employees, customers, suppliers, financiers and creditors, for which I am very grateful,” commented Dr. Andreas Kleinschmidt, trustee and insolvency administrator of the German Heubach companies, from White & Case on the sale.
For further details, please contact:
media@heubach.com
About Heubach Group
The Heubach Group is a chemical company operating in Europe, North and South America, Asia and Africa with a 200-year history. Since the integration of the pigments business of the Clariant Group in 2022, it is the second largest manufacturer of color pigments in the world.
About Sudarshan Chemical Industries Limited
Sudarshan Chemical Industries Limited (SCIL) is a globally recognized leader in the pigment industry, offering a broad portfolio of products. With over 75 years of expertise, SCIL is committed to innovation and sustainable growth, serving industries worldwide.
