Pune: Godrej Industries’ Chemicals Business announced the signing of a Business transfer agreement with Shree Vallabh Chemicals Unit II (Kheda), with the intention to acquire their Ethoxylation Unit II.

As a leading player in Oleochemicals, Surfactants, Specialties and Biotech, this transaction will help the company expand its product offerings by adding the Ethoxylation technology to its portfolio of process and batch technologies.

Vishal Sharma, Executive Director and Chief Executive Officer, Godrej Industries (Chemicals) said,” Aligned with our commitment to growth and innovation, the proposed acquisition of the unit will aid us in expanding our offerings and also cater to new applications for our customers.

By enabling us to accelerate the investment timeline, we are confident that it will also provide us with various cost synergies.”

Located at Kheda, Gujarat, the Shree Vallabh Ethoxylation unit II has a manufacturing capacity of 24,000 MTPA of finished products.