Shree Vallabh Chemicals to be acquired by Godrej Industries
The chemical holding company of the Godrej Group, Godrej Industries is set to acquire a unit of Shree Vallabh Chemicals at Kheda in Gujarat entailing an estimated investment of Rs 45 crore. Godrej signed a business transfer agreement with Shree Vallabh Chemicals Unit II (Kheda), to acquire their Ethoxylation unit II.
Shree Vallabh's Ethoxylation Unit II has a manufacturing capacity of 24,000 MTPA (Million Tonne Per Annum) of finished products.
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