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Non-Tech : Olin - My favorite Company

OLN 25.98

-1.3%

2:47 PM EST

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From: richardred	6/3/2013 9:35:46 AM
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India's Birla Chemicals to acquire Solaris Chemtech's chlor-alkali assets 6:23 AM MDT \| June 3, 2013 \| Francinia Protti-Alvarez Aditya Birla Chemicals (ABC; Mumbai), a subsidiary of Aditya Birla Group, approved the acquisition of the chlor-alkali and phosphoric acid division of Solaris Chemtech Industries (Gurgaon, India), a subsidiary of the Avantha Group (New Delhi), for a cash consideration of 1.53 billion rupees ($26.9 million), ABC has announced. "This strategic acquisition further strengthens our position in the chlor-alkali business. It will take our chlor-alkali business on a higher growth trajectory and marks our entry into a new market segment, phosphoric acid. chemweek.com

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