Noerr advises Sudarshan Chemicals on Heubach Group Acquisition.
German law firm Noerr has provided legal counsel to Sudarshan Chemical Industries Limited (SCIL), an Indian supplier of chemical manufacturing pigments, regarding its acquisition of the Heubach Group, a German-based pigment manufacturer, through an asset and share transaction.
The advisory team from Noerr was led by employment partner Tillmann Hecht, along with M&A partners Till Kosche and Maurice Séché, and included attorneys from various offices within the firm, including those in Frankfurt, Dresden, Düsseldorf, Munich, Berlin, and Brussels.
The finalized agreement will result in the merging of the two companies' portfolios and enhance their access to global markets, thereby reinforcing their existing presence in Europe, the Americas, and the Asia Pacific region. The acquisition is anticipated to be completed in early 2025, pending standard closing conditions.
Rajesh Rathi, managing director of SCIL, who will oversee the combined entity following the transaction, expressed his enthusiasm: “We are thrilled about this deal that unites two businesses poised to serve significant global markets. We will meticulously integrate these companies to establish a truly global pigments enterprise, with Frankfurt remaining a key strategic location. SCIL is recognized for its agility and efficiency, and we intend to instill this culture throughout the merged organization to position it as one of the most customer-focused and profitable pigment companies.”
Bram D’hondt, managing director at Heubach, remarked: “By collaborating with SCIL, we aspire to restore our 200+ years of legacy in delivering high-quality products to our customers. Together, we will redefine the future of the pigments industry by emphasizing customer centricity and product excellence. Our combined strengths will enhance our ability to serve our customers effectively. We eagerly anticipate our partnership with SCIL as we embark on this new chapter.”
