# IMCD India to acquire two business lines from CJ Shah & Company

IMCD India signed an agreement to acquire two business lines from CJ Shah & Company for chemicals used in paints, coatings, adhesives and lifesciences. The businesses generated revenue of approximately INR 2,300 million (EUR 25 million) in FY2023. Closing is expected in Q4 2023.

- Type: Acquisition
- Announced: 2023-11-13
- Where: India, India
- Value: $27.0M (25.0M EUR)
- Status: announced
- Products: cellulose acetate butyrate, coalescing agent, polyolefin polymers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [IMCD](https://endata.com/companies/20622.md) (acquirer)
- [CJ Shah & Company](https://endata.com/companies/73721.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2023/11/13/2778677/0/en/imcd-india-to-acquire-two-business-lines-from-cj-shah-company.html), 2023-11-13: "IMCD India has signed an agreement to acquire two business lines from CJ Shah & Company for Cellulose Acetate Butyrate, Coalescing Agent, Polyolefin Polymers, and other chemicals primarily for Paints, Coatings, Adhesives and Lifesciences applications."
- [chemweek.mydigitalpublication.com](https://chemweek.mydigitalpublication.com/articles/imcd-buys-businesses-from-indian-distributor), 2023-12-08: "IMCD NV (Rotterdam, Netherlands), a leading distributor of specialty chemicals and ingredients, has announced that its Indian subsidiary has agreed to acquire two business lines from CJ Shah & Co."

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