Ajoy Lodha
Singhi Advisors Pvt. Ltd.
SJS Plastiblends Pvt. Ltd.
Deal Type
Company sale
Sector
Industrials
Completion Date
7th August 2015
Deal Value
Not disclosed
Company Background
SJS was established in 1996 to create products that improve the performance and aesthetics of plastics in automotive supply. SJS is one of the leading companies in India with experience and capability of manufacturing polypropylene compounds for various OEM requirements. These compounds are used in the production of thermoplastic materials for the automotive, home appliances and other markets. It is an ISO / TS‐16949‐2002 certified company and its production capabilities boast a state‐of‐the‐art plant located in Aurangabad, Maharashtra.
Deal Summary
As a part of the transaction Basell Polyolefins India Private Limited, Indian subsidiary of LyondellBasell acquires polypropylene compounds (PPC) business of SJS Plastiblends Pvt Ltd. LyondellBasell has supplied the Indian market through imports and tolling arrangements since 2009. Through this strategic acquisition LyondellBasell will have enhanced and expanded product offerings, access to wider markets, increased domestic and export business from India, and close relationships with an extensive list of original equipment manufacturers which will further strengthen the Company’s position in India’s growing automotive market.
Value Added
Providing advisory services to the target company to sell its Polypropylene Compounds (PPS) business to the Acquirer.
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