Announced
Financials
Sources
Tags
India
silica gel
chemicals
Chemicals: Diversified
Private
Friendly
Single Bidder
Acquisition
Cross Border
Majority
Pending
Synopsis
CPH-backed Zeochem, a chemical manufacturing company, agreed to acquire Sorbead India, a silica gel manufacturer, and Swambe Chemicals, a chemicals company. Financial terms were not disclosed. “At CPH Group we are seeking to both expand our global market position in regions with high growth potential and further reduce our dependency on the European paper market. The acquisition of Sorbead India and Swambe Chemicals is a further consistent step in the implementation of our corporate strategy,” Peter Schildknecht, CPH CEO.
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