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IMCD India has acquired two business lines from CJ Shah & Company to enhance its capabilities in coatings and adhesives.
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.