US-based chemical coating maker Cytec Industries has acquired the manufacturing assets of Star Orechem International for $37 million (Rs. 190 crore)..Rajani Associates advised Cytec with a team led by Partners Prem Rajani and Poorvi Sanjanwala along with Associate Karishma Jumani..Nagpur-based lawyer advised Star Orechem on this transaction..The acquisition will increase Cytec’s global capacity for its metal extraction product line by approximately 25 per centand provides the ability to further expand production at the site..According to Dealcurry, this acquisition will expand Cytec’s global manufacturing footprint for the In Process Separation business, providing it with a more direct supply chain line to better serve it’s mining customers in Africa and the Asia Pacific region..The acquired operations will manufacture Cytec’s ACORGAR solvent extractant products and will also continue to supply solvent extractant products for Star Orechem’s distribution operations and supply obligations..Star Orechem is active in the business of manufacturing specialty chemicals while Cytec Industries operates in four segments: Engineered Materials, In-Process Separation, Additive Technologies, and Coating Resins.
US-based chemical coating maker Cytec Industries has acquired the manufacturing assets of Star Orechem International for $37 million (Rs. 190 crore)..Rajani Associates advised Cytec with a team led by Partners Prem Rajani and Poorvi Sanjanwala along with Associate Karishma Jumani..Nagpur-based lawyer advised Star Orechem on this transaction..The acquisition will increase Cytec’s global capacity for its metal extraction product line by approximately 25 per centand provides the ability to further expand production at the site..According to Dealcurry, this acquisition will expand Cytec’s global manufacturing footprint for the In Process Separation business, providing it with a more direct supply chain line to better serve it’s mining customers in Africa and the Asia Pacific region..The acquired operations will manufacture Cytec’s ACORGAR solvent extractant products and will also continue to supply solvent extractant products for Star Orechem’s distribution operations and supply obligations..Star Orechem is active in the business of manufacturing specialty chemicals while Cytec Industries operates in four segments: Engineered Materials, In-Process Separation, Additive Technologies, and Coating Resins.
