Mahesh Singhi
Singhi Advisors Pvt. Ltd.
Solvay SA
Deal Type
Company sale
Sector
Industrials
Completion Date
30th November 2017
Deal Value
Not disclosed
Company Background
SOLVAY is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability. Its lightweighting materials enhance cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 27,000 employees in 58 countries.
Deal Summary
Singhi acted as exclusive advisors to Solvay to the transaction- Crystal Crop Protection, a manufacturer of agrochemical products, acquires Solvay’s Nagpur based facility.
Crystal Crop Protection Private Limited ('Crystal'), engaged in technical manufacturing, formulation and marketing of agrochemical products like insecticides, fungicides, herbicides, plant growth regulators/micronutrients, has entered into a definitive agreement to acquire a Nagpur based specialty chemical manufacturing unit from Cytec India Specialty Chemicals & Materials Pvt. Ltd. (‘Cytec’), an Indian subsidiary of € 12 bn global specialty chemical major Solvay S. A.
The referred unit is located on an approximately 10 acres at MIDC Butibori, Nagpur, owned by Cytec. Cytec, which acquired this unit a few years back, invested over INR 100 cr in plant up-gradation and capacity ramp-up etc., itself got acquired by Solvay in one of the largest transaction worldwide in this space. Post-acquisition, with a changed focus on some of the products being manufactured by the group worldwide, Solvay decided to call for business discontinuation and divestment of the said unit
Solvay SA deal contacts
Key members of the Singhi Advisors Pvt. Ltd. deal team crucial in the Solvay SA transaction
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