MUMBAI : Mumbai: Rossari Biotech Ltd, a speciality chemicals manufacturer, on Sunday said its board of directors has approved the acquisition of Tristar Intermediates Pvt. According to the agreement and subject to customary closing conditions, Rossari will be acquiring 100% of the equity share capital of Tristar Intermediates. Headquartered in Thane, Maharashtra, Tristar Intermediates is a preferred supplier to various reputed companies and MNCs across India, Europe, US, and Far East countries. In FY21, Tristar Intermediate’s revenues stood at ₹110.5 crore, with Ebitda at ₹15.6 crore, Ebitda margins at 14.1%, and PAT at ₹10.4 crore. The company offers tailor-made solutions for home, personal care and performance chemicals, textile speciality chemicals and animal health and nutrition.

Source: Mint July 18, 2021 09:22 UTC