Specialty chemicals firm SRF Limited on 1 January 2015 acquired the pharmaceutical propellant business brand Dymel of American chemical firm DuPont for 20 million US dollars.
Highlights of the acquisition
• SRF will own the DuPont Dymel brand and will also receive the technology for setting up its own current Good Manufacturing Practices (cGMP) facility for manufacturing HFC 134a Pharma grade.
• DuPont will supply SRF with the product from its existing facility till SRF’s production facility is approved.
• This transaction provides immediate access to SRF on DuPont’s technology, brand and customers, thus enabling its instant entry into the pharmaceutical segment at a global level.
About SRF Limited
Established in 1970, SRF is the only Indian manufacturer of the grade of hydro fluoro carbon HFC 134a. With headquarters in Gurgaon, India, the company has operations in two more countries including Thailand and South Africa.
SRF is a domestic leader in Refrigerants, Engineering Plastics and Industrial Yarns as well. The company is also one of the key domestic manufacturers of Polyester Films and Specialty Chemicals.
The company won the prestigious Deming Prize for two of its businesses namely Tyre Cord in 2004 and Chemicals Business in 2012.
Who: SRF Limited
When: 1 January 2015