SeQuent Scientific sells speciality chemicals business to Korea's Songwon

摘要

South Korean plastics additives major, Songwon Industrial Group and Bangalore-based SeQuent Scientific Ltd. have signed an agreement whereby Songwon will acquire SeQuent's speciality chemicals business. The acquisition includes SeQuent's entire polymer stabiliser business and one production site in Panoli, Gujarat, together with the local R&D team. Financial details of the transactions were not disclosed.