# PCBL to acquire Aquapharm Chemicals for ₹3,800 crore

PCBL, part of the RP-Sanjiv Goenka Group, approved the acquisition of 100% of Aquapharm Chemicals for ₹3,800 crore, marking its entry into water treatment and oil and gas chemicals. The deal is expected to close within 2-3 months.

- Type: Acquisition
- Announced: 2023-11-28
- Where: Pune, India
- Value: $456.0M (38.0B INR)
- Status: announced
- Products: water treatment chemicals, oil and gas chemicals, phosphonates
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PCBL](https://endata.com/companies/71361.md) (acquirer)
- [Aquapharm Chemicals](https://endata.com/companies/74022.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/pcbl-to-acquire-specialty-chemicals-company-aquapharm-chemicals-for-3800-crore/article67583836.ece), 2023-11-28: "This acquisition of ACPL marks the company’s foray into global specialty segments of water treatment chemicals and oil and gas chemicals."
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/PCBL-acquire-water-treatment-firm/101/i40), 2023-12-03: "The Indian carbon black maker PCBL has agreed to acquire Aquapharm Chemicals, a producer of water treatment chemicals, for about $455 million."
- [business-standard.com](https://www.business-standard.com/companies/news/pcbl-ltd-receive-cci-approval-for-aquapharm-chemicals-acquisition-123122701011_1.html), 2023-12-27: "PCBL Ltd, formerly Phillips Carbon Black Ltd, announced that it plans to acquire the entire stake in Aquapharm Chemicals Pvt Ltd (ACPL) for an aggregate consideration of Rs 3,800 crore."

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