Crystal Crop Protection Limited acquires Solvay’s India manufacturing facility

New Delhi, February 12, 2018: Crystal Crop Protection Limited (the “Company”) has completed the acquisition of speciality chemical manufacturing facility of Cytec India, part of € 11.4 bn global specialty chemical major Solvay S. A.

This modern manufacturing facility is located on around 10 acres in MIDC Butibori, Nagpur and can be utilised to integrate the existing R&D and manufacturing facilities of the Company.

Commenting on the acquisition, Ankur Aggarwal, Managing Director of the Company, “We believe in taking technology, innovation and manufacturing to the next level. This asset acquisition will enhance the manufacturing capabilities of the Company and add a new dimension to its business. It is part of our strategy to promote ‘Make in India’ and bring modern and affordable agrochemicals to farmers”

Singhi Advisors, Mumbai based global M&A advisors, acted as exclusive advisors to Solvay Group in the transaction.