American International Chemical LLC acquired Prescient Color Limited from Sudarshan Chemical Industries Limited.
June 01, 2018 at 12:00 am EDT
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American International Chemical LLC acquired Prescient Color Limited from Sudarshan Chemical Industries Limited (BSE:506655) for an enterprise value of approximately INR 1.2 billion on June 1, 2018. With effect from June 1, 2018, P.R.Rathi,K.L.Rathi, N.J.Rathi, R.B.Rathi, S.Padmanabhan, nominee directors of Sudarshan Chemical Industries Limited on the Board of Prescient Color Limited have resigned. Ernst & Young, LLP acted as the exclusive M&A financial advisor to Sudarshan Chemical for the transaction.
American International Chemical LLC completed the acquisition of Prescient Color Limited from Sudarshan Chemical Industries Limited (BSE:506655) on June 1, 2018.
Sudarshan Chemical Industries Limited is an India-based global color and pigment manufacturer. The Company is engaged in supplying pigments and solvent dyes for coatings, plastics, printing and digital printing, cosmetics, and special applications. The Company operates through two segments: Pigments, and Others. The Pigments segment produces and sells a range of organic, inorganic, effect pigments, and dispersions primarily for paints, plastics, inks, and cosmetics industries. The Others segment comprises of project engineering and manufacturing business of grinding solutions, clean air solutions, power handling solutions. It offers a complete palette of colors for everyday use, durable colors, and special effects. Its coatings applications include decorative, industrial, and automotive paints. The Companyâs brands include Sudaperm, Sudafast, Sudacolor, Sudajet, Sudatherm, Sudasol, Sudanyl, Sumica, Sumicos, Prestige, and Sudacos.
SUDARSHAN CHEMICAL INDUSTRIES LIMITED 
