# SRF sells engineering plastics business to DSM for INR 320 cr

SRF Limited entered a definitive agreement to sell its Engineering Plastics Business to DSM in an all-cash transaction worth INR 320 crore. The business manufactures engineering plastic compounds for automotive and electrical industries.

- Type: Acquisition
- Announced: 2019-05-11
- Where: Gurugram, Haryana, India
- Value: $46.0M (3.20B INR)
- Status: announced
- Products: engineering plastic compounds
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [SRF Limited](https://endata.com/companies/12886.md)
- [SRF Limited](https://endata.com/companies/12886.md) (target)
- [DSM](https://endata.com/companies/25138.md) (acquirer)

## Sources

- [srf.com](https://www.srf.com/srf-limited-announces-definitive-agreement-to-sell-its-engineering-plastics-business-to-dsm-makes-a-strategic-exit-to-focus-on-core-businesses/), 2019-05-11: "Today marks a significant milestone for our company, as we take another step along our strategic direction of focusing on our core Businesses"
- [doi.org](https://doi.org/10.1021/cen-09720-buscon8), 2019-05-17: "DSM has agreed to acquire the engineering plastic operations of India’s SRF for $45 million."
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/DSM-DIC-look-India-growth/97/i20), 2019-05-18: "DSM has agreed to acquire the engineering plastic operations of India’s SRF for $45 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.