In a strategic move to strengthen its position in the specialty chemicals sector, Adani Wilmar Limited announced acquisition of a 67% stake in Omkar Chemical Industries Private Limited (OCIPL), a specialty chemicals company based in Gujarat.
Omkar Chemicals, which operates a manufacturing facility in Panoli, Gujarat, has an annual production capacity of approximately 20,000 metric tons of surfactants and is expanding its capacity for additional products.
The specialty chemicals market offers opportunities across various sectors including home and personal care products, food additives, plastics and polymers, agrochemicals, and lubricants and petrochemicals. As reported by msn.com, the acquisition process is anticipated to be completed within the next 3-4 months.
