Camlin Fine Sciences buys 65% stake in Mexico's Dresen

Camlin Fine Sciences, through its subsidiary CFS Antioxidantes De Mexico, has entered into an agreement to acquire 65 percent stake in Dresen Quimica, the Mexico-based specialty chemicals company, for about $ 7.8 million (about Rs 52 crore).
 
Dresen, incorporated in 1987, manufactures specialty intermediate chemicals used by feed, food and other industrial product manufacturers. The company has operations in five countries - Mexico, Guatemala, Peru, Colombia and Dominican Republic. Dresen, along with its group companies, recorded revenues of $ 14.8 million in 2014.

With the acquisition of Dresen, Camlin Fine Sciences will expand its market reach in the North, Central and South America.