<article>Speciality chemicals manufacturer <a style="color: #000080;" href="http://www.camlinfs.com/">Camlin Fine Sciences Ltd</a> is set to acquire 65 per cent stake in Mexico&#8217;s <a style="color: #000080;" href="http://www.dresen.com.mx/">Dresen Quimica SA de CV</a>, along with its group companies, for $7.8 million.</article>

Speciality chemicals manufacturer <a style="color: #000080;" href="http://www.camlinfs.com/">Camlin Fine Sciences Ltd</a> is set to acquire 65 per cent stake in Mexico&#8217;s <a style="color: #000080;" href="http://www.dresen.com.mx/">Dresen Quimica SA de CV</a>, along with its group companies, for $7.8 million.
The deal all-cash deal is being carried out through Camlin’s subsidiary CFS Antioxicents De Mexico S.A. DE C.V., Mexico, which entered into a share purchase agreement for the acquisition, the parent company said in a stock market filing.
Subject to regulatory approvals, the deal is scheduled to be completed by May 2.
The acquisition will help the company to expand its market reach in the North, Central and South America, Camlin said. Dresen has operations in five countries including Mexico, Guatemala, Peru, Colombia and Dominican Republic. It markets its products through its own sales force directed from its headquarters and its branches and a network of distributors in North, Central and South America.
Incorporated in 1987, Dresen is engaged in manufacturing and distributing specialty intermediate chemical solutions used by the feed, food and other industrial products.
Justifying the acquisition, Camlin said “Dresen&#8217; has large a products portfolio, having proper sales mix with relevant processes and equipments in operation besides adequate installed capacity for operations to support future growth.”
“Its production facility is strategically located and utilizes proprietary processes and technology, “ it added.
Dresen and its group companies had reported combined net sales of $14.79 million for the year ended in December 2014 as against $12.55 million a year ago. 
Based in Mumbai, Camlin is a manufacturer and exporter of bulk drugs, fine chemicals and food grade products.
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Camlin Fine Sciences Ltd is set to acquire 65 per cent stake in Mexico's Dresen Quimica SA de CV, along with its group companies, for $7.8 million.

India: Camlin Fine Sciences to buy 65% stake in Mexico's Dersen for $7.8m

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India: Camlin Fine Sciences to buy 65% stake in Mexico's Dersen for $7.8m

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