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MUMBAI, India, Sept. 2, 2022 /PRNewswire/ — Mumbai–headquartered Calibre Chemicals (Calibre), a diet, prescription drugs and private care specialty chemical substances firm, has entered right into a definitive settlement to accumulate 100% shareholding of RheinPerChemie GmbH (RPC), from Evonik, a globally main specialty chemical firm. RPC, positioned in Rheinfelden Germany, is a outstanding producer of ammonium and sodium persulphates in Europe.
Calibre is one in every of the most important producer of potassium persulphate, perchlorates and iodine derivatives in India and serves clients in over 100 nations. With this acquisition, Calibre will change into a world, full vary persulphates provider whereas increasing onshore presence within the European market.
On closure, Calibre can be a entrance runner for Indian specialty chemical corporations investing in inexperienced electrochemical alternatives within the western world.
Calibre’s CEO, Deepak Chander, stated, “We are excited about the cultural and geographical diversity in our functional teams. The RPC acquisition will accelerate organization learning to provide best-in-class products and services to customers and enhance customer centricity for all our business lines in Europe. Teams across the two continents would work together to expand our electrochemistry capability and capacities to further improve existing products and manufacture new products as well.”
Calibre and RheinPerChemie’s choices are complementary and income accrediting. Calibre has plans to additional strengthen manufacturing at RPC and also will add new persulphates capability in different geographies.
About Calibre
Calibre, an Everstone Capital managed portfolio three way partnership with the Founder, Ranjit Bhavnani’s household, is a specialty chemical substances firm servicing a number of numerous markets together with diet, prescription drugs, private & shopper care, industrials and aerospace. Calibre is one of India‘s largest persulphates, perchlorate and iodine derivatives producer. The firm has well-entrenched buyer relationships globally and has a management place in inexperienced electrochemical know-how. The Company demonstrably follows excessive requirements of surroundings, well being, security and regulatory compliances.
For extra info, go to www.calibrechem.com and LinkedIn
About Everstone Capital
Singapore headquartered Everstone Capital, the personal fairness arm of the Everstone Group, is a world agency dedicated to driving financial progress and creating sustainable worth. With seven workplaces globally (Singapore, Mumbai, Delhi, Bengaluru, New York, Dubai and Mauritius), Everstone Capital focuses on the mid-market with management mindset and progress bias; comprising better of breed investing, operations and strategic assets with important expertise and expertise.
For extra info, go to www.everstonecapital.com and LinkedIn
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