REINACH, Switzerland, Dec. 6, 2019 (Press Release) -Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that Archroma India Private Limited has completed the acquisition from BASF India Limited (BIL) of its stilbene - based OBA (optical brightening agents) business for paper and powder detergent applications.
The transaction includes BASF’s stilbene-based OBA technology, portfolio and manufacturing unit at Ankleshwar, India, where approximately 100 people are employed.
Archroma is a member of the SK Capital Partners group. In July 2015 the company acquired the global textile chemicals business of BASF, and, between 2014 and 2018, M. Dohmen, an international group specializing in the production of textile dyes and chemicals for the automotive, carpet and apparel sectors.
With this new acquisition, Archroma is further consolidating its positio n as a global chemical leader by expanding both its supply capacity and application markets, in particular in India and Asia.
The company also plans to develop its support to the global detergents market, thanks to its experience with manufacturers and brands in the textile industry. With this, detergent manufacturers will be able to build on Archroma’s unique textile expertise to innovate with creative solutions and offerings.
Archroma is a global color and specialty chemicals company headquartered in Reinach near Basel, Switzerland. It operates with 3,000 employees over 35 countries and with 2 5 production sites. Its three businesses – Brand & Performance Textile Specialties, Packaging & Paper Specialties, and Coatings, Adhesives & Sealants – deliver specialized performance and color solutions to meet customers’ needs in their local markets, touching and coloring people’s lives every day, everywhere.
Archroma is passionate about delivering leading and innovative solutions, enhancing people’s lives and respecting the planet. The company is committed to challenging the status quo in the deep belief that it can make its industry sustainable; an approach reflected in its innovations, world-class quality standards, high service levels and cost- efficiency. Products enhanced, colors enhanced, performance enhanced – “Life enhanced”.