Adani Wilmar Acquires 67% Stake in Omkar Chemicals to Expand Specialty Chemicals Footprint

Adani Wilmar Ltd acquires a 67% stake in Omkar Chemicals Industries for Rs 56 crore to expand its presence in the specialty chemicals market. The acquisition provides Adani Wilmar with a manufacturing plant and enhances its ability to meet customer demands across various sectors.

Adani Wilmar Ltd, an edible oil major, is set to acquire a 67% stake in Omkar Chemicals Industries at an enterprise value of Rs 56 crore, as per a regulatory filing on Thursday.

Adani Wilmar, a joint venture between Adani Group and Singapore's Wilmar Group, holds a diverse product portfolio in consumer food FMCG, including essential kitchen products and oleochemicals. The acquisition is expected to be completed within 3-4 months.

Omkar Chemicals operates a manufacturing plant in Panoli, Gujarat, with a capacity of 20,000 tonnes of surfactants. The move will help Adani Wilmar establish a direct production footprint and enhance its offerings in line with the strategies of its co-promoter, Wilmar International.

(With inputs from agencies.)