Aditya Birla Chemicals (India) Limited acquires chlor-alkali division Jayshree Chemicals Limited

Aditya Birla to acquire chlor-alkali division of Jayshree Chemicals for $35 million

9:58 AM, 10th September 2014
Aditya Birla Chemicals (India) Limited acquires chlor-alkali division of Jayshree Chemicals Limited
Kumar Mangalam Birla, Chairman, Aditya Birla Group.

MUMBAI, INDIA: The Board of Directors of Aditya Birla Chemicals (India) Limited (ABCIL), a company of the Aditya Birla Group, approved the acquisition of the chlor-alkali division of Jayshree Chemicals Limited for a cash consideration of Rs. 212 crore ($35 million). This transaction takes ABCIL to a higher growth trajectory.

“The acquisition is strategic and further strengthens our position in the chlor-alkali business. It will take our chlor-alkali business on a higher growth trajectory. The acquisition solidifies the Group’s position as the country’s largest producer of chlor-alkali and bolsters caustic soda supply, which is a critical input for the aluminium business. The business has potential for future growth,” said Kumar Mangalam Birla, Chairman, Aditya Birla Group.

 

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