Dorf Ketal buys Vertec biz of Johnson Matthey

Dorf Ketal Chemicals AG, an arm of city-based Dorf Ketal Chemicals, has acquired Vertec business of UK-based chemical firm Johnson Matthey. The deal size is estimated to be about Rs 200 crore. The acquisition will help Dorf Ketal support its expansion plans in the global market.

As part of the agreement, Dorf Ketal acquired the business, trademarks, intellectual property and product know-how, said Ernst and Young, advisor to the company.

Vertec, based in Billingham, UK, manufactures specialist organic titanates, used in inks, paints and polymers. Smallest of the four business units in Johnson Matthey’s process technologies division, Vertec had annual revenues of around $20 million (Rs 94 crore) in 2009-10 and has been making losses for several years.

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