Ajoy Lodha
Singhi Advisors Pvt. Ltd.
Ester Industries Ltd
Deal Type
Company sale
Sector
Industrials
Completion Date
2nd May 2022
Deal Value
Not disclosed
Company Background
Ester Industries Ltd. is one of the largest engineering plastic compound manufacturer in India not yet aligned with any international global player.
Deal Summary
Singhi Advisors Advised Ester Industries Ltd. on its sale of its engineeriing plastic compounds business to Radici Plastics India (part of Radici Group , Italy)
This business had become non core to Ester Industries Ltd. Radici group , Italy is a globally recognised player in high performance polymers category having multiple plants in Europe , North America , China, Latin America,etc and wanted to have a good footprint in India. By this acquisition Radici is able to expand its presence in India and make its global business stronger.
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