Godrej Industries Ltd acquires Shree Vallabh Chemicals' Ethoxylation unit in Gujarat for Rs 45 crore.

Godrej Industries Ltd plans to acquire Shree Vallabh Chemicals' unit in Gujarat for Rs 45 crore, expanding its product range by incorporating Ethoxylation technology. The deal involves the transfer of Shree Vallabh Chemicals' Ethoxylation Unit II, which has a manufacturing capacity of 24,000 MTPA. The acquisition aims to provide cost synergies and cater to new applications for customers.