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Ameya Acquires Polyurethane Sealant Business from Chemetall

Published on 2011-01-05. Author : SpecialChem

Ameya Group, based at Vadodara, India has acquired polyurethane sealant business from Chemetall-Rai India limited. The terms of the transaction were not disclosed.

Chemetall-Rai intends to concentrate on their core business while Ameya expects to get the client base of Chemetall.

Ameya's current construction speciality materials segment has structural glazing Sealants, core drilling technology, anchors and fasteners, & water proofing products etc.The acquisition will enable Ameya to enter the airport and defence space as polyurethane sealants are used exclusively for airfield runway maintenance. The company intends to grow by more acquisitions and expects to have good financial gains in the coming financial year.

About Chemetall

Chemetall is a global company committed to specialty chemistry. The Group's activities focus on products and processes for the chemical treatment of metal surfaces and plastics, as well as selected fields of fine chemistry, e.g. lithium and cesium compounds. Chemetall mainly sells customised packages of products and services, ranging from consultation via development through to the operation of entire plants at the customer's site - for instance car body pre-treatment in the automotive industry.

About AMEYA

AMEYA is one of the Fastest Growing Professionally Managed Industrial Specialty Materials Company in India. The company operates in other SBU like speciality chemicals, capital equipments, paints & coatings apart from construction & infrastructure product lines.

Written By : Specialchem Editorial Team
Based on information displayed on http://www.business-standard.com


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