 "M&A, mergers & acquisitions, merger, partnerships, Joint venture, JV")
Ahmedabad-based pigments major Asahi Songwon Colours Limited on Monday announced its foray into active pharmaceutical ingredient (API) manufacturing with the acquisition of Atlas Life Sciences Private Limited.
A leading blue pigment maker globally, Asahi Songwon announced acquisition of 78 per cent in Atlas Life Sciences for an all-cash deal of Rs 48 crore, thereby taking control of the latter's manufacturing facility in Ahmedabad. The pigments company will now acquire the remaining 22 per cent stake in two tranches of 11 per cent each over the next two financial years till 2025.
With the acquisition Asahi Songwon has not only gained
