Sudarshan Chemical Industries Limited announced the divestment of its step-down subsidiary VP4 Frankfurt GmbH to Celanese Corporation, USA. The transaction was disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
VP4 Frankfurt GmbH is engaged in the manufacture of certain intermediates, primarily Diketene, and operates mainly as a tolling operator for Nutrinova, an affiliate of Celanese Corporation and Mitsui & Co. Japan. The subsidiary became part of Sudarshan through its acquisition of the Heubach Group.
VP4 Frankfurt serves Nutrinova as its principal customer, with only a small share of its output going to Sudarshan for captive consumption. Diketene is an important intermediate for functional food ingredients, making the asset a stronger strategic fit with Celanese and Nutrinova, which produces additives for the food industry such as sweeteners.
Following completion of the transaction, Nutrinova will continue to supply Sudarshan with the materials it requires. The divestment strengthens Sudarshan's strategic focus and operational position on its core pigments business.
Rajesh Rathi, Chairman & Managing Director of Sudarshan Chemical Industries Limited, stated: "The sale of VP4 Frankfurt is a strategic step in sharpening our focus. Pigments and colorants are where we create the most value for our customers. VP4 is a well-run business with a strong team, and it now moves to the company it already serves. That is the right outcome for the asset, for its employees, and for Sudarshan."
The disclosure was signed by Mandar Meenanath Velankar, General Counsel and Company Secretary, on 1st September, 2026 at 02:07:39 +05:30.