Netherlands chemical company Stahl has acquired the leather chemicals business of company Viswaat Chemicals Ltd., headquartered in Mumbai, India.
Viswaat, a manufacturer of high-quality speciality chemicals for a broad range of industries, will produce syntans, fatliquors and beamhouse solutions for the leather industry exclusively for Stahl. The acquisition enables Stahl to strengthen its position in leather chemicals in the IPB region.
"By now taking over the leather chemicals business of Viswaat, we can serve our clients in the IPB region even better with more innovative specialty chemicals," said Stahl CEO Huub van Beijeren.
"On top of that, Viswaat has a large production plant in Mumbai, enabling us to provide customised and best-in-class service in the region," adds Tuncay Deriner, managing director Stahl India & IPB region.