Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Acquisition 2015-09-30

Vivimed Labs sells personal care wing to Global firm Clariant; Trading high on BSE

Global specialty chemicals firm Clariant has announced to acquire an active part of India-based Vivimed Labs, to grow its presence in emerging markets and strengthen its personal care portfolio.

Vivimed Labs sells personal care wing to Global firm Clariant; Trading high on BSE

Globally renowned specialty chemicals Clariant has entered into an agreement, intent to acquire personal care portfolio of Vivimed Labs Ltd.

Reportedly, the acquisition buzz proved profitable for the Vivimed Labs as the firm is trading higher by 4.4 per cent at Rs. 342 on the BSE. The stock opened at Rs 336 and touched high of Rs 348 on the BSE, informed leading business daily Business Standard.

The transaction value of identified products lines at an enterprise value of Rs 380 crore, informed Vivined Labs in a press release.

 “The personal care industry in India offers us immense potential supported by the growing middle-class consumer population and the rising disposable income. This strategic decision will be a significant step towards strengthening our product portfolio and thereby reinforcing Clariant’s long term commitment in the segment”, commented Dr. Deepak Parikh, Region President - India, Middle East and Africa, Clariant. “We believe in the growth potential that India offers and are focussed on expanding our footprint in the region.”

The part of speciality chemicals division's business, which is proposed to be divested, accounted for about 10 per cent of the consolidation revenue from operation in FY2015. A major portion of the receipts will be used to reduce debts thereby saving substantial interest cost going forward, added the release shared by the Vivimed Labs.

Meanwhile, commenting over the note worthy deal, R Kumaresan, Head of Clariant’s BU ICS, India said, “This reinforces our commitment to grow in the personal care space in India. This acquisition will enable us to expand our footprint and provide our customers with end-to-end solutions in sync with the current industry trends. The strong growth perspective of the personal care industry results in a bright future for the ICS business in India.”

Based in Muttenz near Basel/Switzerland, Clariant has employed a total workforce of 17,003. In the financial year 2014, Clariant recorded sales of CHF 6.116 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, Plastics and Coatings.

The India division of the firm is headquartered in Mumbai, operates in four business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and Plastics & Coatings.

 

 

Group image (L-R): R Kumaresan, Head of Industrial & Consumer Specialties Business, Clariant in India; Dr. Deepak Parikh, Region President - India, Middle East and Africa, Clariant; Santhosh Varalwar – Managing Director & CEO, Vivimed Labs Ltd and Sandeep Varalwar – Executive Director, Vivimed Labs Ltd.)

Comment
image
image
image
image
Related opportunities
  • Pizzeria
    Bon Pizza is an opportunity to start your own business by..
    Locations looking for expansion Gujarat
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Tea and Coffee Chain
    About Us: Chaipatty, HQ on ideating a collaborative start in an..
    Locations looking for expansion Karnataka
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 300 sqft - 1500 sqft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Casual dine Restaurants
    About Us: Launched in 2010, Mamagoto is a fusian pan aisian..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Imitation/Art/Junk Jewellery
    About Us: Since1998, Mukesh Lakhara has had one aim – to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts