Japan’s Mitsubishi Chemical Corp. (MCC) is acquiring the PVC compound business of Welset Plast Extrusions Pvt. Ltd, a Mumbai, India-based plastics specialist..AZB & Partners acted for Mitsubishi Chemical Corp. with a team led by Partner Shameek Chaudhuri along with Senior Associate Medha Marathe and Associate Saloni Thakkar..Clove Legal advised Welset Plast Extrusions with a team led by Partner Dharmesh Kotadia along with Senior Associate Nupur Rustagi and Associate Ashita Songara..With the acquisition, MCC expects to find a foothold in the medical PVC compound business, while improving its existing PVC and thermoplastic elastomers businesses in India and ASEAN markets..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
