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Godrej Industries' chemicals division, a vital arm of the Godrej Group, has successfully completed the acquisition of the Food Additives Business from Savannah Surfactants Ltd. This acquisition represents a significant step in Godrej鈥檚 strategic efforts to expand its presence in the global Food & Beverages industry. Savannah Surfactants, based in Goa, is known for its strong manufacturing capabilities, with a production capacity of 5,200 metric tonnes per annum (MTPA) of finished goods. Through this acquisition, the operations and assets of Savannah Surfactants will be integrated into Godrej's Speciality Chemicals division, further strengthening the company鈥檚 portfolio and reach in the food additives sector.

In a statement released through a regulatory filing with the Bombay Stock Exchange (BSE) on Monday, Godrej Industries announced the successful closure of the deal. Vishal Sharma, Executive Director and CEO of Godrej Industries (Chemicals), expressed his satisfaction with the timing and alignment of the acquisition. 鈥淲e are glad to have completed this transaction at the start of the fiscal year. This acquisition is in line with our vision and strategy to grow in a profitable and sustainable manner,鈥� Sharma said. He emphasized that the addition of Savannah鈥檚 business will significantly contribute to Godrej鈥檚 ambitions of building a larger and more diverse speciality chemicals enterprise.

This strategic move underscores Godrej Industries鈥� long-term commitment to growth, innovation, and sustainability in the chemicals sector. The acquisition is expected to enhance the company鈥檚 product offerings, especially in the food additives space, which continues to see increasing global demand. By adding Savannah鈥檚 capabilities and expertise, Godrej aims to strengthen its market position and respond more effectively to the evolving needs of the Food & Beverages industry.

Founded in 1963, Godrej Industries (Chemicals) is among the oldest and most established businesses within the Godrej Group. Over the years, it has played a pivotal role in the development of the oleochemicals, surfactants, and biochemicals markets in India and abroad. The company has built a reputation for delivering high-quality, sustainable chemical products and solutions.

One of the key pillars of Godrej鈥檚 growth strategy is its commitment to 鈥淕reen chemistry.鈥� This approach emphasizes environmentally friendly practices and sustainable production processes. 鈥淲e are focused on being a 鈥楪reen chemistry鈥� company, dedicated to helping the environment and ensuring a greener and more sustainable future,鈥� Sharma reiterated. The integration of Savannah鈥檚 operations will also be aligned with this philosophy, promoting innovation while maintaining eco-conscious standards.

Overall, the acquisition not only aligns with Godrej鈥檚 sustainability objectives but also provides a competitive advantage in the global chemicals landscape. It opens up new opportunities for expansion and innovation, positioning Godrej Industries as a forward-thinking leader in speciality chemicals.