Tata Chemicals to acquire Novabay business of Humens for €25m.

Tata Chemicals, a global company developing and manufacturing chemical and water treatment products, agreed to acquire Novabay business, a Singapore-based manufacturer of sodium bicarbonate, of Humens, a producer of sodium-based mineral additives, for €25m. "Novabay’s focus on premium-grade sodium bicarbonate aligns seamlessly with TCL’s strategy to expand its presence in high-value, non-cyclical product segments. This acquisition strengthens TCL’s capabilities in specialty bicarb market and enhances our ability to serve premium customer requirements," Zhang Shaoyong, TCL CEO.