Expands Sudarshan’s global presence with operations across 19 sites in all regions Entrepreneur® and its related marks are registered trademarks of Entrepreneur Media LLC Sudarshan Chemical Industries Limited (SCIL) has successfully completed its acquisition of Germany-based Heubach Group through its wholly owned subsidiary structured as a combination of an asset and share deal positioning it as a global leader in the pigment industry The merger integrates SCIL's operational expertise with Heubach's advanced technological capabilities creating a robust portfolio that spans 19 international sites This strategic move strengthens SCIL's foothold in key markets across Europe and the Americas enabling it to deliver high-quality solutions tailored to global customers Managing Director and CEO of the combined entity expressed his enthusiasm for the acquisition "Today marks an exciting new chapter as we unite with Heubach to become an inspirational leader in the colorants industry The combined company builds on the rich legacies of both Sudarshan and Heubach Our goal is now to create the world's most valuable pigment company with great financial strength and profitability we will drive continuous innovation and deliver breakthrough solutions that benefit each of our stakeholders." became the second-largest pigment player globally after integrating with Clariant in 2022 Despite generating over a billion euros in revenue in FY21 and FY22 the company faced financial headwinds due to rising costs SCIL's acquisition comes with a well-defined turnaround strategy aimed at stabilising Heubach's financial position while unlocking operational synergies SCIL has ensured a seamless integration process developing a structured execution plan across all functions The immediate priority is to unify operations and streamline efficiencies across Heubach and the company has reinforced its commitment to the region by establishing its second global headquarters in the Frankfurt area the new SCIL is set to implement best practices while simplifying structures and processes financial prudence and long-term investments will remain central to its growth strategy Legal counsel for the acquisition was provided by Noerr and Crawford Bayley SCIL is a leading color solutions provider with an extensive range of organic With a diversified asset footprint spanning four continents the company serves over 4,000 customers across 100+ countries reinforcing its status as a global industry leader We'll be in your inbox every morning Monday-Saturday with all the day’s top business news best advice and exclusive reporting from Entrepreneur Düsseldorf, October 18, 2024 – McDermott Will & Emery has advised the insolvency administrator of German-based Heubach Colorants Germany GmbH, Heubach GmbH and Dr. Hans Heubach GmbH, Dr. Andreas Kleinschmidt (White & Case LLP), on the sale of their entire business operations to Sudarshan Chemical Industries Limited (SCIL) The transaction is structured as a combination of an asset and share deal The execution is still subject to the usual reservations The sale of the business operations of the insolvency debtors was closely interlinked with the sale of other international group companies of the Heubach Group This part of the transaction was advised by a team from Gibson Dunn & Crutcher LLP who represented certain lenders to Heubach Group in close cooperation with McDermott Will & Emery This strategic acquisition will create a global pigment company combining SCIL’s operations and expertise with Heubach’s technological capabilities The Heubach Group with main production site in Frankfurt-Höchst has a 200-year history and became the second largest pigment player in the world after acquiring Clariant BU Pigments in 2022 Heubach had over a billion euros in revenue in FY21 and FY22 with a global footprint especially in Europe The Group faced financial challenges over the past two years due to rising costs SCIL’s acquisition of Heubach will address these challenges with a clear turnaround plan Attorney Advertising © 2025 McDermott Will & Emery Sudarshan Chemical Industries Limited (“SCIL” or “Company”) announced that through its wholly owned subsidiary Sudarshan Europe B.V. it has completed its previously announced acquisition of Germany-based Heubach Group (“Heubach”) in a combination of an asset and share deal This strategic acquisition creates a global pigment leader bringing together SCIL’s operations and expertise with Heubach's technological capabilities It will enhance SCIL’s product portfolio giving it access to a diversified asset footprint across 19 international sites The combined company will have a broad pigment portfolio of high-quality products and a strong presence in major markets including Europe and the Americas the new Sudarshan is ideally positioned to deliver high-quality solutions that fit its global customers’ needs Rajesh Rathi will lead the combined company as Managing Director and Chief Executive Officer alongside a high-performing leadership team with techno-managerial competencies Heubach has a 200-year-old history and became the second largest pigment player in the world after its integration with Clariant in 2022 It had over a billion euros in revenue in FY21 and FY22 Heubach faced financial challenges over the past two years due to rising costs SCIL’s acquisition of Heubach will address these challenges with a clear turnaround plan Commenting on the closure of the acquisition “Today marks an exciting new chapter as we unite with Heubach to become an inspirational leader in the colorants industry Our goal is now to create the world’s most valuable pigment company with great financial strength and profitability we will drive continuous innovation and deliver breakthrough solutions that benefit each of our stakeholders.” SCIL is proud to have completed the transaction on schedule The integration team has worked diligently to ensure a smooth transition and has already developed a detailed execution plan across all functions The immediate priority will be to operate as ONE— unlocking efficiencies Germany remains a strategic location for SCIL and by establishing its second global headquarters in the Frankfurt area the company underscores the region’s role as a key pillar of its operations and future growth passion and ambition with strong customer centricity and solution orientation The integration will foster a culture of agility and entrepreneurship allowing the company to move quickly and effectively It will implement best practices and create simplicity in structures SCIL will also focus on financial stability Noerr and Crawford Bayley acted as legal counsel to Sudarshan Search Companies editorial@fibre2fashion.com Plasteurope.com is a business information platform for the European plastics industry It is part of KI Kunststoff Information and PIE Plastics Information Europe one of the leading content providers for the European plastics industry We offer daily updated business news and reports polymer prices and other services for the international plastics industry News | Polymer Prices | Suppliers Guide | Jobs | Register | Advertising Epoxy Resin Market Analysis: Industry Market Size Copyright © ChemAnalyst - 2020 | Terms & Conditions | Privacy Policy Application Areas Coatings Technologies Legislation Markets & Companies People & Careers Production & Lab Raw materials Sponsored Content Home » News » Markets & Companies » Sudarshan Chemical enters into a definitive agreement to acquire the Heubach Group This strategic acquisition is intended to create a global pigments company that combines SCIL’s operational knowledge and expertise with Heubach’s technological capabilities.Post acquisition the combined company is expected to have a broad pigment portfolio and a strong presence in key markets such as Europe and the Americas The acquisition will expand SCIL’s product portfolio and provide access to customers and a diversified asset base across 19 locations worldwide The combined company will be led by Rajesh Rathi and a high-performing management team The Heubach Group has a history of 200 years and became the second largest pigment manufacturer in the world after the integration of Clariant’s pigment business in 2022 Heubach generated revenues of over one billion euros in fiscal years 2021 and 2022 and has a global presence The group has faced financial challenges over the last two years due to rising costs SCIL’s acquisition of Heubach will address these challenges with a clear turnaround plan Demand for sustainable products continues to grow — but decorative coatings must also be durable Striking the right balance is one of the greatest challenges facing the.. has introduced three regional entities in Germany The aim is to decentralise the company’s structure have inaugurated a new laboratory in Shanghai The centre aims to strengthen innovation capabilities in the region US chemicals group 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Marcus Jordan has assumed the role of Chief Executive Officer (CEO) of IMCD N.V Find the answers to the most frequently asked questions in our FAQ collection Tuesday | May 06 2025 | through its wholly owned subsidiary Sudarshan Europe B.V has completed its previously announced acquisition of Germany-based Heubach Group (“Heubach”) in a combination of an asset and share deal The compamy in a press release stated that this strategic acquisition creates a global pigment leader bringing together SCIL’s operations and expertise with Heubach's technological capabilities giving it access to a diversified asset footprint across 19 international sites.  the new Sudarshan is ideally positioned to deliver high-quality solutions that fit its global customers’ needs “Today marks an exciting new chapter as we unite with Heubach to become an inspirational leader in the colorants industry Our goal is now to create the world’s most valuable pigment company with great financial strength and profitability we will drive continuous innovation and deliver breakthrough solutions that benefit each of our stakeholders.”Noerr and Crawford Bayley acted as legal counsel to Sudarshan Subscribe to our newsletter to get updates on our latest news Sudarshan Chemicals announced in a press release that they are acquiring Heubach Group a 200-year-old company and one of the largest pigment manufacturers in the world *Source: Oct 11th, 2024 press release with the stock hitting the upper circuit at 20% on Friday there are a couple of questions that need to be answered in this deal: How are they going to fund it most European acquisitions have had to navigate stringent labour laws Let’s try to answer these and a few more in this post Sudarshan Chemicals was started in 1952 with an initial focus on products like pigments they shifted to focus solely on pigments and went on to become India’s largest pigment player They also expanded their portfolio from organic and inorganic pigments to high-performance and cosmetic product ranges all while maintaining a healthy balance sheet and return ratios For those with a keen interest in how it all started here’s an interesting recap of how Sudarshan made it big: Heubach Group is a 200-year-old company based in Germany It is one of the major players in the pigment industry with a global presence of 17 production facilities across the United States Heubach Germany has two Indian subsidiaries: Both of these companies will become part of Sudarshan post-deal which will improve Sudarshan’s consolidated revenues by around 20% The going was good for the Heubach Group up until 2021, when they reached 1 Bn euros in revenue. In Jan 2022, Heubach and S.K. Capital bought Clariant’s Pigment business for about 850 Mn euros things started to go south after the Russia-Ukraine war There was a drop in demand in Europe and China and high energy costs pushed up the cost of raw materials for Heubach Leveraged balance sheet & rising interest rates made the situation worse leading to financial distress and eventually affecting the solvency of the Heubach Group The deal involves both cash & share swap Sudarshan approx needs 2100 Cr for this transaction (1200 Cr for the deal + 900 Cr as working capital & other restructuring expenses) the balance sheet size of Sudarshan Chemicals as of FY24 is 2346 Cr Coming back: They are going the QIP route to partially fund this acquisition But this brings in another problem for the management – low promoter holding Sudarshan management currently owns only 30.5% of the company Equity dilution at this point will further dilute their overall holding When asked this question in the recent con call the management clarified that some promoters in the past opted to discontinue being labeled as promoters while remaining as shareholders They are confident that the promoters will continue to support the company if needed Sudharshan’s FY24 revenue is at 2,500 Cr we expect the Heubach Group to add an additional 6,000-7,000 Cr Let’s conservatively estimate 5,000 Cr as there could be some risks like old clients not coming back That means we are looking at an estimated 8,000 Cr in revenue for the full year FY26 Margins will be under pressure for the initial 1-2 years due to the merger challenges the management has guided EBITDA margins to be around 12-15% If we estimate FY27 revenues at about 9,000 Cr we are looking at an estimated EBITDA of around 900 Cr which is a 3x jump from the current levels over three years it seems like not everything is factored in as the market is uncertain about the management’s execution capabilities But it’s not going to be an easy ride for the management big deals—especially overseas acquisitions—come with their own initial struggles We have seen this with several examples in the past It’s not always about the debt; it’s also about the management bandwidth It’s definitely an uphill task for Sudharshan’s management it will be commendable and could create significant value for shareholders over the next 3-5 years hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities We also certify that no part of our compensation was or will be directly or indirectly related to the specific view(s) in this report Research Analyst or his/her relative or Capitalmind Research LLP does not have any financial interest in the subject company or its Associate may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report Further Research Analyst or his relative or Capitalmind Research LLP or its associate does not have any material conflict of interest at the time of publication of this research report Sudarshan Chemicals is a part of our Capitalmind PMS Portfolios This article is intended solely for informational purposes and should not be considered as an investment recommendation Capitalmind Research LLP is a SEBI Registered Research Analyst having registration no Bajaj Finance’s transformation has been impressive a three-decade-old real estate player based in Ahmedabad stands out with industry-leading margins driven by its 500-acre land bank and .. 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Noerr advises Sudarshan Chemicals on Heubach Group Acquisition German law firm Noerr has provided legal counsel to Sudarshan Chemical Industries Limited (SCIL) an Indian supplier of chemical manufacturing pigments regarding its acquisition of the Heubach Group The advisory team from Noerr was led by employment partner Tillmann Hecht along with M&A partners Till Kosche and Maurice Séché and included attorneys from various offices within the firm The finalized agreement will result in the merging of the two companies' portfolios and enhance their access to global markets thereby reinforcing their existing presence in Europe The acquisition is anticipated to be completed in early 2025 who will oversee the combined entity following the transaction expressed his enthusiasm: “We are thrilled about this deal that unites two businesses poised to serve significant global markets We will meticulously integrate these companies to establish a truly global pigments enterprise with Frankfurt remaining a key strategic location SCIL is recognized for its agility and efficiency and we intend to instill this culture throughout the merged organization to position it as one of the most customer-focused and profitable pigment companies.” we aspire to restore our 200+ years of legacy in delivering high-quality products to our customers we will redefine the future of the pigments industry by emphasizing customer centricity and product excellence Our combined strengths will enhance our ability to serve our customers effectively We eagerly anticipate our partnership with SCIL as we embark on this new chapter.” Manufacturing Today India Home > Mergers & Acquisition > Sudarshan Chemical acquires Heubach Group to form global pigments leader It will expand SCIL’s product line and provide it with access to a diverse asset base spread over 19 foreign locations Sudarshan Chemical Industries Limited’s subsidiary Sudarshan Europe B.V. has finalised the acquisition of Germany-based Heubach Group through an asset and share transaction SCIL’s operations and experience are combined with Heubach’s technological capabilities to create a global leader in pigments Also read: https://www.manufacturingtodayindia.com/kia-india-23-8-y-o-y-growth The merged business will be well-represented in important regions and will provide a wide range of high-quality pigment products the new Sudarshan is in a perfect position to provide top-notch solutions that satisfy the demands of its clients worldwide In addition to a top-performing leadership group with techno-managerial skills I will serve as the combined company’s managing director and CEO “Today marks an exciting new chapter as we unite with Heubach to become an inspirational leader in the colourants industry Our goal is now to create the world’s most valuable pigment company with great financial strength and profitability.”Germany continues to be a strategic site for SCIL and the firm highlights the region’s importance as a foundation for its operations and future expansion by locating its second global headquarters in the Frankfurt area Sudarshan Chemical Industries Limited (SCIL) announced the successful acquisition of Heubach Group positions SCIL as a global leader in the pigment industry The strategic move combines SCIL’s established operations and expertise with Heubach’s advanced technology creating a powerful portfolio of high-quality products The integration will extend SCIL’s reach to 19 sites worldwide significantly enhancing its presence in Europe the newly formed company is well-positioned to deliver innovative solutions tailored to the needs of customers across the globe Rajesh Rathi will lead the company as Managing Director and CEO supported by a talented leadership team focused on technical and managerial excellence became the second-largest pigment producer globally following its merger with Clariant in 2022 Despite challenges in recent years due to rising costs and other financial pressures Heubach had revenues exceeding one billion euros in FY21 and FY22 SCIL’s acquisition aims to address these financial hurdles and set a clear path for recovery Mr Rathi expressed his enthusiasm for the deal “This is an exciting new phase as we unite with Heubach to lead the colorants industry Our goal is to create the world’s most valuable pigment company built on a foundation of financial strength and innovation we will create breakthrough solutions that benefit all our stakeholders.” SCIL has ensured the integration is on track and is focused on streamlining operations The immediate priority is to operate as one cohesive entity Germany continues to be a key strategic location for SCIL with plans to establish its second global headquarters in the Frankfurt region underscoring its significance in the company’s growth strategy The newly formed SCIL embodies bold ambition Through streamlined operations and a focus on financial stability the company aims to drive long-term growth and success The 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Read more info@themachinemaker.com +91-703-093-2700 Contact Us India's Top After nearly two years away from the XC start line Mathieu van der Poel is dusting off the knobbies The Dutch phenom is expected to race Bike the Rock on May 18 marking his return to mountain biking ahead of a packed summer that includes the Tour de France and the world championships in Switzerland The race is part of the German MTB Bundesliga, not the UCI world cup, but Van der Poel’s appearance signals intent He’s eyeing the 2025 world championship title and has already said he wants to be back at the Olympics in 2028 Van der Poel’s last mountain bike outing was in 2023 during a test event for the Paris Olympics he’s added to his legacy with wins at Paris–Roubaix Milan–San Remo and world titles across three cycling disciplines he’s returning to his off-road roots — and doing it in classic MVDP fashion: all in While his team Alpecin-Deceuninck hasn’t officially confirmed his start, the Bike the Rock organizers have gone public with the news and are billing it as a major return. And they’re not wrong. A post shared by TNT Sports Cycling (@tntsportscycling) The HC-category race in Heubach is known for drawing fast fields and rough terrain. It may not be part of the world cup, but it’s no Sunday cruise. Organizers say more big names from the XC scene are expected to show up, making the event a proper tune-up for the worlds in Valais, Switzerland, this September. Van der Poel’s calendar isn’t slowing down either — before worlds, he’s also expected to line up at the 2025 Tour de France, once again pushing the limits of what’s possible across cycling’s biggest stages. For Van der Poel, this isn’t just about checking fitness. He’s already won everything there is to win on skinny tires — and now, he’s clearly not done with mountain biking. With Olympic redemption on the mind and a full-circle moment back on dirt, Heubach might just be the start of something big. A post shared by BiketheRock (@biketherock) Get the digital edition of Canadian Cycling Magazine Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The Financial Express Sudarshan Chemical Industries on Friday announced that it has entered into a definitive agreement to acquire global pigment business operations of the Heubach Group “We wish to inform you that Sudarshan Chemical Industries Limited (the Company / SCIL) has entered into definitive agreement on 11th October wholly owned subsidiary of the company in Netherlands (SEBV Europe) shall acquire global pigment business operations of the Heubach Group of Germany for a total consideration of Euro 127.5 million (approx The proposed transaction comprises of acquisition of Sudarshan Europe BV of: (i) assets and business operations of (a) Heubach Colorants Germany GmbH and (iv) Heubach Group GmbH and participations held by Heubach Holding Switzerland AG in downstream Group Companies in various countries from insolvency administrator in the aforesaid countries.  (ii) 100% shareholding of Heubach Holdings S.a.r.l. a Luxemburg based Heubach Group Company having investments in shareholding in companies based in India and USA Heubach is a key player within the speciality chemicals industry which consists of organic pigments Post-acquisition the combined entity will have a comprehensive pigment portfolio of high-quality products and a strong presence in major markets including Europe and the Americas. Per the information shared by the company the acquisition is expected to close in 3-4 months Heubach had recorded a revenue of over a billion euros in FY21 and FY22, with a strong global footprint especially in Europe April saw a 3% increase in automobile retail sales in India and a pause in the global tariff war were key factors While all segments except commercial vehicles saw growth cautious consumer behavior and price hikes impacted the market This strategic move combines asset and share deals reinforcing SCIL’s position as a global leader in the pigment industry The acquisition strengthens SCIL’s product portfolio and extends its reach across 19 international sites By integrating Heubach’s technological expertise with SCIL’s operational strengths the combined company is set to enhance its presence in major markets With a diverse pigment portfolio and expanded production capabilities SCIL is well-positioned to meet the evolving needs of global customers Rajesh Rathi will serve as Managing Director and Chief Executive Officer leading a high-performing leadership team with strong techno-managerial competencies The company aims to create the world’s most valuable pigment business Heubach group became the world’s second-largest pigment producer after integrating with Clariant in 2022 the company faced financial struggles due to rising costs SCIL’s acquisition brings a clear turnaround plan ensuring financial stability and sustainable growth SCIL has executed the acquisition on schedule and developed a detailed integration plan The immediate focus is on operating as ONE—unlocking efficiencies and Sudarshan under a unified organization The company ensures a seamless transition while maintaining operational excellence SCIL has established its second global headquarters in the Frankfurt area This move highlights the region’s significance in the company’s long-term growth strategy and commitment to global expansion with a strong focus on customer-centric solutions The integration fosters a culture of agility and entrepreneurship enabling the company to respond quickly to market demands By implementing best practices and simplifying structures the company remains dedicated to prudent cash management SCIL aims to become a global force in the pigment industry the company delivers high-quality solutions and drives sustained growth for stakeholders worldwide function runOnFormSubmit_sf3zec8d52108b34fc71324f853b635efeb0ba361cb5044182b8b5691b5605aa97e5(th){/*Before submit Sudarshan Chemical Industries announced on Friday that it has signed a definitive agreement to acquire the global pigment business of the Heubach Group for Rs 1,180 crore through its wholly-owned subsidiary a wholly-owned subsidiary based in the Netherlands will acquire the global pigment business operations of the Heubach Group for a total of €127.5 million (approximately Rs 1,180 crore).” The acquisition includes Heubach’s key pigment manufacturing companies in Germany as well as 100% shareholding in Heubach Holdings S.a.r.l. a Luxembourg-based company with investments in India and the U.S Heubach is a prominent player in the specialty chemicals sector offering a wide range of organic and inorganic pigments the merged entity will offer an expanded pigment portfolio with a stronger presence in Europe and the Americas which is expected to close within 3-4 months especially given Heubach’s annual revenues of over a billion euros in FY21 and FY22 Sudarshan Chemical Industries is a leading Indian manufacturer of color pigments and one of the largest producers of high-performance pigments in the world the company offers a wide range of organic and inorganic pigments and specialty chemicals catering to industries such as coatings With a strong focus on innovation and sustainability, Sudarshan has expanded its global footprint The company’s commitment to quality and customer-centric solutions has made it a preferred choice in the pigment industry driving its growth and prominence in global markets Hello, Login Hello, LoginLog-inor Sign-UpMy Account Follow us on: invest and get updated what's happening in the crypto market India's Largest Regional Retail Option Traders Summit (BOTS) is a prestigious options trading event organized by Traders Gurukul Held on the 2nd OR 3rd Sunday of every month This functionality will provide users with ease of access navigation and 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By clicking 'I Accept', you agree to the usage of cookies to enhance your personalized experience on our site. For more details you can refer to our cookie policy *I agree to the updated privacy policy and I warrant that I am above 16 years of age I agree to the processing of my personal data for the purpose of personalised recommendations on financial and similar products offered by MoneyControl I agree personalized advertisements and any kind of remarketing/retargeting on other third party websites I agree to receive direct marketing communications via Emails and SMS Please select (*) all mandatory conditions to continue Home > Chemical & Pharmaceuticals > Sudarshan Chemical inks deal to acquire Heubach Group The acquisition will be structured through a combination of asset and share deals. Sudarshan Chemical Industries Limited (SCIL) has entered into a definitive agreement to acquire the Germany-based Heubach Group. This acquisition will be structured through a combination of asset and share deals. With this acquisition, SCIL will create a global pigment powerhouse by integrating its operations with Heubach’s expertise and reach. The combined company will operate across 19 sites globally, including key markets in Europe and the Americas. This will significantly enhance SCIL’s product portfolio and customer base, especially in these strategic regions. Rajesh Rathi, Managing Director of SCIL, will lead the new entity. Heubach, with a legacy of over 200 years, became the second-largest pigment manufacturer after its integration with Clariant in 2022. However, Heubach has faced challenges due to rising costs and inventory issues. SCIL aims to address these with a clear turnaround strategy. Commenting on the acquisition, Rajesh Rathi expressed confidence in creating a truly global pigment company, emphasising SCIL’s focus on agility and efficiency. He highlighted the benefits for customers, stating that the integration will offer a best-in-class product portfolio with a commitment to innovation and customer service. Heubach’s representative, Bram D’hondt, remarked that joining forces with SCIL will allow the group to continue serving its global customer base with high-quality products, while the combined capabilities will set new industry standards. The acquisition, expected to close within 3-4 months pending regulatory approvals, will position SCIL as a major global player in the pigment industry, enhancing its presence and operations across diverse markets. Sudarshan Chemical Industries (SCIL) on Friday said it will acquire the global pigment business of Heubach Group of Germany for Rs 1,180 crore This acquisition will be through a combination of an asset and share deal through Sudarshan Europe BV a wholly-owned arm in the Netherlands (SEBV Europe) This strategic acquisition may close in three to four months and will create a global pigment company combining SCIL’s operations and expertise with Heubach’s technological capabilities He said SCIL will integrate these two companies to create a truly global pigments company with Frankfurt remaining a strategically important location The acquisition will expand Sudarshan’s global presence and create a pigment portfolio with operations across 19 sites globally including Europe and the Americas the combined company will have a broad pigment portfolio of products the combined company will have a broad pigment portfolio of products and a strong presence in major markets including Europe the Americas and the APAC region.The Heubach Group has a 200-year history and became the second-largest pigment player in the world after its integration with Clariant in 2022 Heubach had over a billion euros in revenue in FY21 and FY22 and 878.8 million euros in 2023 Heubach GmbH filed for insolvency in April in response to over-indebtedness in the context of rapidly changing financial markets of the past two years and the unsuccessful attempt to achieve a financial restructuring with all shareholders and lenders Heubach has a broad product portfolio with a large percentage of specialities including customized products with applications in coating Heubach has 17 manufacturing sites globally Sudarshan Chemical is a colour solutions provider of performance colourants, organic, inorganic and pearlescent pigments and dispersions. SCIL has manufacturing facilities in Roha and Mahad in Maharashtra. SCIL operates under 16 brands and has a 35% domestic market share in its product category by | Sep 4, 2024 | 12:38 pm | News, Trending News the shares of the third largest pigment producer globally surged 6.08 percent to Rs following reports that the company is planning to acquire its German competitor With a market cap of Rs. 7,323.55 crores, at 11:31 a.m., the shares of Sudarshan Chemical Industries Limited were trading in the green at Rs compared to its previous closing price of Rs Sudarshan Chemical Industries Limited is reportedly planning to acquire its German rival Sudarshan may have already submitted a bid to the insolvency administrator handling Heubach GmbH’s case.  the world’s second-largest pigment producer filed for insolvency in Germany due to high debt concerns.  a listed small-cap company and a subsidiary of Heubach GmbH is engaged in the business of manufacturing and selling specialty chemicals.  Following the reports of the potential acquisition shares of Heubach Colorants fell by 3.7 percent on the BSE CNBC reported that the potential acquisition might lead to an open offer for Heubach Colorants as a result of the change in ownership at the parent company.  The company experienced significant growth in its revenue from operations showing a year-on-year rise of around 4.3 percent from Rs its net profit decreased during the same period from Rs indicating a decline of nearly 89.2 percent YoY.  the focus of Sudarshan Chemical will shift towards a higher share specialty segment resulting in deeper customer engagement as well as improving Return on Capital Employed (RoCE) The company is continuing to expand its product portfolio to build a globally competitive and comprehensive range.  The shares of Sudarshan Chemical Industries have delivered multibagger returns of nearly 104.3 percent in one year and around 78.8 percent returns in the last six months the stock has given about 90 percent of positive returns.  Sudarshan Chemical Industries Limited is engaged in the business of manufacturing and selling a wide range of organic The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own and not that of the website or its management Investing in equities poses a risk of financial losses Investors must therefore exercise due caution while investing or trading in stocks Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article Please consult your investment advisor before investing Click Here to Open FREE Crypto Trading account with No 1 Crypto Exchange in India! SEBI REGISTERED RESEARCH ANALYST REGISTRATION NUMBER: INH000015729 For Advertisement, Press Releases, Partnerships or to get backlinks on this website, please e-mail us at [email protected] For Trade Brains Fintech Excellence 2025 Awards and Nominations contact – Visit  – tradebrainsawards.com/ 2023 /PRNewswire/ -- Porter Capital Corporation a leading provider of working capital solutions is proud to announce the successful completion of a financing agreement aimed at enhancing the liquidity and competitive positioning of The Heubach Group resulting in the creation of a major contributor in the pigment technology industry operating under the Heubach brand The Heubach Group sought the assistance of a financial advisory firm Senior Vice President of Business Development at Porter Capital Corporation With over 20 years of experience in business funding and extensive global connections Reagan is an invaluable resource for orchestrating substantial transactions involving multinational corporations "It was a privilege to collaborate with European business leaders and navigate the complexities of this large-scale deal ensuring working capital availability for Heubach's ongoing and future growth initiatives." Heubach is recognized for its technological advancements and commitment to quality and Africa through its nineteen state-of-the-art manufacturing facilities Director of Financial Planning and Analysis at the Heubach Group "I cannot overstate the outstanding leadership exhibited by Porter Capital and the seamless collaboration with their team the Porter team remained dedicated and efficient In three words the Porter Capital team is forthright enabling the swift provision of working capital without bureaucratic hurdles that often delay results." With a track record spanning over three decades Porter Capital Corporation offers working capital solutions to companies operating in various industries nationwide Porter Capital has successfully provided over $8 billion in funding to both domestic and global companies with a presence in the United States Porter Capital is adept at assisting companies with expansion efforts and effectively managing unforeseen cash flow challenges Senior Vice President of Sales at Porter Capital "Porter Capital is thrilled to be part of Heubach's continued success story and collaborate with their global leadership to provide the necessary working capital for liquidity CONTACT: Michelle Milhoan, Vice President of Marketing, [email protected] An industrial staffing contractor in Oklahoma has proudly served power plants and various industrial clients for over 24 years... has provided a strategic $3 million credit facility to Dealer Alchemist Banking & Financial Services Chemical Chemical Financing Agreements Do not sell or share my personal information: By: Jamie Matusow Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced except with the prior written permission of Rodman Media gain nearly 42% in two days after Quant Mutual Fund buys stakeMarket News in Heubach Colorants India through open market transactions on Thursday for an average price of ₹453.57 per share This aggregated into a total transaction size of ₹5.44 crore gain up to 42% in two days after Quant Mutual Fund buys stake The stock surged as much as 19% in trade on Friday after closing 20% higher in the previous session The average price per share in the deal was 16% higher than the stock’s previous close of ₹390.9 apiece on the NSE on Wednesday the Heubach Colorants stock price gained as much as 42% in the following two sessions the stock was trading over 13% higher at ₹531.8 at 11:35 am after hitting an intra-day high of ₹558 on the NSE formerly known as Clariant Chemicals India Ltd the company had recorded a 14% increase in its revenue to ₹204.9 crore compared with a year ago Heubach Colorants India informed exchanges that its sister company Upstox Securities Private Limited is a wholly owned subsidiary of RKSV Securities India Private Limited and RKSV Commodities India Private Limited is an associate of RKSV Securities India Private Limited Insurance: RKSV SECURITIES INDIA PRIVATE LIMITED ("Upstox") with registered office at 807 New Delhi House Barakhamba Road Connaught Place Delhi (CIN: U74900DL2009PTC189166) is a Corporate Agent registered with Insurance Regulatory and Development Authority of India (IRDAI) (Category: Composite IRDAI Regn No.-: CA0918 valid till 05-03-2027) Insurance is underwritten by the respective insurance companies and not by Upstox Purchase by Upstox’s customer of any insurance products is purely voluntary and is not linked to availment of any other facility from Upstox For more details on risk factors and terms and conditions of insurance products please read the sales brochure of insurance products carefully before concluding a sale Tax benefits are subject to amendments in tax laws from time to time Email ID: insurancesupport@rksv.in Bima Bharosa Portal: https://bimabharosa.irdai.gov.in/ IRDAI: https://irdai.gov.in/ Insurance Ombudsman: https://www.cioins.co.in/ BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDAI is not involved in activities like selling insurance policies Public receiving such phone calls are requested to lodge a police complaint Kindly, read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets : Advisory Guidelines For Investors Kindly, read the advisory as prescribed by the Exchange with reference to their circular dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: KYC Updation Attention Investors: Clearing Corporation has provided a web based facility that allows clients to view their disaggregated collateral placed Made with ❤️ in India | Copyright © 2025, Upstox Please enable JS and disable any ad blocker former chairman and owner of the Huebach Group died Oct. 21 who took over the business from his father Dr was a visionary entrepreneur who built the Heubach Group from a German medium-sized company into a global leader in the color pigment industry the Heubach Group is an internationally active manufacturer of corrosion protection pigments as well as organic and inorganic color pigments hybrid pigments and pigment preparations for use in the plastics as well as for other high-quality special applications With the acquisition of the pigment activities of E.I Rainer Heubach secured the important presence in North America The company took further steps towards internationalization by founding Heubach Colour Pvt in India (1994) and Hangzhou Heubach Pigment Co The takeover of the lightfast pigment business from Bayer in 2002 and the organic pigments business from Avecia (ex-ICI) mark further important steps in the expansion and internationalization of the group Heubach handed over his business responsibilities to his son Johann, who will continue the family tradition and grow the business in the spirit of his father Rainer Heubach was a family entrepreneur who was characterized by a long-term vision and a sense of responsibility towards his employees He was known for his assertiveness and his in-depth specialist knowledge He has always been valued as a tough but fair business partner in our industry Rainer Heubach, former chairman and owner of the Huebach Group died Oct. 21 by | Oct 8, 2024 | 2:33 pm | News, Trending News The shares of this small-cap stock jumped up to 12 percent from intraday high after Quant Mutual Fund bought 2.53 lakh equity shares of the company.  With a market capitalization of Rs 1,551.10 crore, the shares of Heubach Colorants India Ltd were trading at Rs 672.00 per share increasing around 9.53 percent as compared to the previous closing price of Rs 613.55 apiece Quant Mutual Fund holds 6.38 lakh equity shares which is equivalent to 2.76 percent of Heubach Colorants India Ltd a domestic institutional investor bought an additional 2.53 lakh equity shares which is equivalent to 1.03 percent in the company via NSE deal this transaction was valued at Rs 16.1 crore.  Examining the company’s financial performance revenue fell by 17 percent from Rs 209.35 crore in Q1FY24 to Rs 173.38 crore in Q1FY25 but during the same time frame net profit plummeted by 67 percent from Rs 16 crore to Rs 5.17 crore.  Also Read: Stock jumps 30% in five days after Mukul Agrawal bought fresh stake  return on equity inclined from 4.43 percent in FY22-23 to 8.70 percent in FY23-24 while during the same time frame return on capital employed also inclined from 10.43 percent to 11.39 percent the net profit margin (NPM) stands at 5.20 percent in fiscal year 23-24.  Heubach Colorants India’s sibling company the world’s second-largest pigments business Both enterprises are part of the Heubach Group.  Examining the company’s shareholding pattern the promoter owns 54.37 percent of the company domestic institutional investors own 1.92 percent at last Foreign institutional investors own 0.34 percent.  Heubach Colorants India Limited produces and distributes pigments and specific applications (home and personal care Its business categories include plastics and coatings Also Read: Defence stock jumps 5% after company to develop mobile ground station system The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own For Advertisement, Press Releases, Partnerships or to get backlinks on this website, please e-mail us at [email protected] Subscribe Gain knowledge with articles and videos collated from Label Academy books The German pigments maker Heubach has introduced a line of ultramarine pigments for plastics Heubach and the private equity firm SK Capital bought the Clariant colorants business last year ACS’s Basic Package keeps you connected with C&EN and ACS $80 Regular Members & Society Affiliates ACS’s Standard Package lets you stay up to date with C&EN ACS’s Premium Package gives you full access to C&EN and everything the ACS Community has to offer This article has been sent to the following recipient: Sign up for C&EN's must-read weekly newsletter Copyright © 2025 American Chemical Society German pigment maker Heubach GmbH has filed for insolvency following a failed attempt at a financial restructure said in a statement released on Monday (22 April) that it had filed an application “for the opening of regular insolvency proceedings over its assets with the competent insolvency court in Braunschweig and applied for the jurisdiction of the Braunschweig insolvency court as the group court for the German subgroup of the Heubach Group” The court is expected to appoint an insolvency administrator to examine the possibility of continuing business operations and possible options for restructuring and/or selling the business in due course The company said the move was reacting “to the threat of over-indebtedness in the context of rapidly changing financial markets of the past two years and the unsuccessful attempt of achieving a financial restructuring with all shareholders and lenders” Respective Heubach companies are working to meet their obligations to employees and suppliers within given financial possibilities and legal framework Heubach offers pigments and pigment preparations for inkjet and gravure packaging applications that are suitable for UV Printweek welcomes informed debate, but please read our House Rules before posting Printweek is the premier website for the print industry This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page by | Mar 4, 2025 | 12:57 pm | News, Trending News which deals in the manufacture and sells a wide range of Organic and Inorganic Pigments surged upto 6 percent from the day’s low after the acquisition of the World’s 2nd largest pigment manufacturer With a market capitalization of Rs. 6,650.80 Crores, the shares of Sudarshan Chemical Industries Limited were up by 5.7 percent in the day’s trade The stock then reiterated from its day high and was trading at Rs 846.45 which is 1.82 percent higher than the previous closing price of Rs The stock has delivered around 44 percent in the past year and thus outperforming the Nifty Index in the same period the Ace Investor Vijay Kedia holds around 1.27 percent in Sudarshan Chemicals He reduced his stake from 1.44 percent as of December 2024 The company’s stock is in focus after Sudarshan Chemicals as per exchange filing completed the acquisition of Heubach Group of Germany’s Global Pigment Business operations (Second largest in the world) They had entered into the agreement with Heubach on 11th October 2024 where its Sudarshan’s subsidiary was to acquire Heubach’s Pigment Business operations subjected to regulatory approvals as per the agreement This acquisition will benefit Sudarshan to expand its portfolio to high-quality products and access to a strong presence in the markets it provides customer access and a diversified footprint across sites globally This acquisition cost around EURO 127.5 Million (~Rs 1,160 crore) and it has also paid EURO 29.44 Million (~Rs 268 crore) for Inventory adjustments and others Rajesh Rathi said “Today marks an exciting new chapter as we unite with Heubach to become an inspirational leader in the colorants industry we will drive continuous innovation and deliver breakthrough solutions that benefit each of our stakeholders.” Sudarshan Chemical Industries consolidated revenue from operations has increased by 17.79 percent year on year from Rs The exceptional item value for the quarter stood at Rs the company’s operational revenue includes 90.18 percent from Pigments and the remaining 9.81 percent from Others Operating profits from Pigments contribute a major part thus it grew by 22.73 percent on a year-over-year basis the Others segment continued to make losses for this quarter is a prominent global manufacturer of pigments and dyes They specialize in organic and inorganic pigments and effect pigments for industries such as plastics For Advertisement, Press Releases, Partnerships or to get backlinks on this website, please e-mail us at [email protected] Germany-based global producer of pigments Heubach Group and private investment firm SK Capital Partners have completed the acquisition of Clariant’s Global Colorants Business (“Clariant Pigments”) The combined business will operate under the Heubach brand creating a global pigment technology and industry leader With nineteen manufacturing facilities across Europe Heubach Group is an internationally active manufacturer of corrosion protection pigments as well as organic and inorganic color pigments New York City-based SK Capital’s growing portfolio of companies focused on specialty materials chemicals and pharmaceutical sectors includes a majority interest in Techmenr PM Geon Performance Materials (formerly part of PolyOne which includes Naugard antioxidants (formerly Chemtura) Ultranox and Lowinox primary and secondary antioxidants for polyolefins and other engineering thermoplastics (formerly Chemtura Stefan Doboczky has been appointed as CEOP of the Heubach Group  He joins the Heubach Group having most recently served as CEO of Lenzing AG a global leader of cellulosic fibers and biochemicals “I am very excited to join the new Heubach Group I am convinced that by combining these successful businesses we will create a powerful offering for our customers in the pigment and colorant space.” “The combination of Heubach and Clariant Pigments creates an industry leader committed to the highest standards in manufacturing We look forward to supporting management in the growth and improvement of the company by investing into talent Germany-based global producer of pigments Heubach Group and private investment firm SK Capital Partners have completed the acquisition of Clariant’s Global Colorants Business (“Clariant Pigments”)