Godrej Industries’ Chemicals Business today announced the completion of a Business transfer with Savannah Surfactants Limited, with the acquisition of their Food Additives Business. As a leading player in Oleochemicals, Surfactants, Specialities and Biotech sectors, this transaction will help the company expand its product offerings to the Food & Beverages Industry globally.Vishal Sharma, Executive Director and Chief Executive Officer, Godrej Industries (Chemicals) said,” We are glad to have completed this transaction at the start of the fiscal year. This acquisition is in line with our vision and strategy to grow in a profitable and sustainable manner. The Savannah business will be part of our Speciality chemicals sector. The addition of this Food Additives Business will expand our speciality offerings and build a larger speciality business going forward.”
Godrej Industries' Chemicals Business has acquired Savannah Surfactants' Food Additives Business, boosting its speciality chemicals portfolio. The move supports its global expansion in the Food & Beverages sector. The Goa-based facility adds 5,200 MTPA capacity. CEO Vishal Sharma called it a strategic step for sustainable, profitable growth.
Located at Goa, Savannah Surfactants Limited has a manufacturing capacity of 5,200 MTPA of finished products.
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Fibre2Fashion News Desk (HU)
