# Thermax Chemical Solutions forms joint venture with Brazil's OCQ

Thermax Chemical Solutions, a subsidiary of Thermax Ltd, entered an exclusive shareholder agreement with Brazilian chemical company OCQ to form a joint venture, with Thermax holding 51% and OCQ 49%. Production will start with acrylic resins.

- Type: Acquisition
- Announced: 2025-03-11
- Where: Brazil
- Status: announced
- Products: acrylic resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Thermax Chemical Solutions](https://endata.com/companies/78133.md) (acquirer)
- [Oswaldo Cruz Química Indústria e Comércio Ltda](https://endata.com/companies/78134.md) (target)

## Sources

- [manufacturing.economictimes.indiatimes.com](https://manufacturing.economictimes.indiatimes.com/amp/news/chemicals/thermax-chemical-solutions-forms-jv-with-brazils-ocq/118880683), 2025-03-11: "Initially, production will focus on acrylic resins widely used in the paint, adhesives, infrastructure, textile, and waterproofing industries."

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