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Coromandel eyes agrochem to CDMO boost from NACL
Mint Kolkata
|March 20, 2025
Coromandel has announced that it will acquire a 53% stake in NACL for ₹820 crore at ₹76.7 per share
The Murugappa Group-owned Coromandel International Ltd is betting on its acquisition of NACL Industries Ltd to strengthen its domestic formulations business, Latin American presence and create synergies to establish a foothold in contract drug manufacturing, according to managing director (MD) S. Sankarasubramanian.
"NACL has a good presence in insecticides, herbicides and fungicides and the domestic market. This will help us establish a strong presence in the domestic formulations business," said Sankarasubramanian. "Besides, they are manufacturers for global MNCs and have been supplying them for over two decades."
Dit verhaal komt uit de March 20, 2025-editie van Mint Kolkata.
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