Aditya Birla Group closes Columbian Chemicals deal

Mumbai : The Aditya Birla Group on Tuesday said that it has completed the acquisition of the Atlanta based Columbian Chemicals Company. The acquisition which catapults the Aditya Birla Group to the world’s top carbon black producer, was made at Rs 3937 crore ($875 million) and has been completed subsequent to having obtained all regulatory approvals, the company said in a press statement.

The deal will also give the company a foothold in the mature markets of North America and strengthens our position in Europe and in emerging markets. Aditya Birla Group is a global provider of high quality carbon black additives that cater to the requirements of leading tyre and other rubber manufacturers. Its products also service the ink and plastic segments.