Dorf Ketal acquires Sanmar’s Intec business
Headline: Dorf Ketal acquires Sanmar’s Intec business
Dorf Ketal has acquired the Intec business division of Sanmar Speciality Chemicals Ltd (SSCL). While o3 Capital advised the sellers on the transaction Ernst & Young Pvt Ltd worked on the buy side. The size of the deal has not be made public though. Among the world leaders in the business of organic titanates, poly vinyl formal and poly isocyanates Intec has its manufacturing unit in Dadra. The business employs close to 60 professionals with a full fledged R&D facility and has a strong export base.
Dorf Ketal Chemicals is a rapidly growing speciality chemical company globally. In less than 15 years, it has emerged as a leading supplier of speciality chemicals for downstream hydrocarbon industries and relevant ancillary industries. The acquisition by Dorf Ketal is expected to boost Intec’s business given Dorf Ketal’s focus on product innovation and manufacturing excellence.
Commenting on the acquisition of Intec, Subodh Menon, Global Business & Operations Director, Dorf Ketal said, “The acquisition of Intec is an excellent strategic fit for our organization and is a well thought plan to cater to newer product segments such as specialty catalysts. Given the R&D focus at Intec, it is likely to bring in great synergy to our ongoing programs and we will exploit this very aggressively. We will increase our presence across the value chain of our global customers & I have no doubt, that this acquisition will help us consolidate our position as a leading global player in the specialty chemicals market”.