Mumbai headquartered Calibre Chemicals (Calibre), a nutrition, pharmaceuticals and personal care specialty chemicals company, has entered into a definitive agreement to acquire 100% shareholding of RheinPerChemie GmbH (RPC) from Evonik. RPC, located in Rheinfelden Germany, is a prominent manufacturer of ammonium and sodium persulphates in Europe.
Calibre is the largest manufacturer of potassium persulphate, perchlorates and iodine derivatives in India and serves customers in over 100 countries. With this acquisition, Calibre will become a global, full range persulphates supplier while expanding onshore presence in the European market.
On closure, Calibre would be a front runner for Indian specialty chemical companies investing in green electrochemical opportunities in the western world.
Calibre’s CEO, Deepak Chander, said, “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 offerings are complementary and revenue accretive. Calibre has plans to further strengthen manufacturing at RheinPerChemie and will also add new persulphates capacity in other geographies.