ICIG-backed WeylChem Group to acquire a majority stake in Vasant Chemicals.

International Chemical Investors Group-backed WeylChem Group, a fine and specialty chemicals company, agreed to acquire a majority stake in Vasant Chemicals, a specialty chemical manufacturing company. Financial terms were not disclosed. “By integrating the expertise, resources, and technologies of both companies, the acquisition aligns with our strategic goal to create long-term value for our customers, employees, and stakeholders. It allows WeylChem to directly participate in the fast-growing Indian market and adds a manufacturing and distribution base in Asia. Vasant Chemicals aligns seamlessly with WeylChem’s commitment to support the success of our customers with expertise and dedication," Andreas Maier, WeylChem CEO.