The UK Subsidiary of Tata Chemicals LTD has signed an agreement to acquire British Salt, a leading salt manufacturer based in the UK. The deal, worth £93 million will ensure a steady source of raw material and also give the company a foothold in the UK food and industrial salt market.
Tata’s UK Subsidiary, Brunner Mond, makes soda ash which is widely used in the chemicals industry and in consumer and food products.
Speaking of the acquisition, Managing Director of Tata Chemicals R. Mukundan stated, “The acquisition is in line with the strategy of Tata Chemicals to deepen its presence in the ‘food and farm sectors’ and will result in securitising raw material for Brunner Mond’s operations. This will help Brunner Mond maintain its low-cost manufacturing position in Europe and provides a great opportunity to optimise the costs further.”
Are you looking for a new position in the Chemicals industry? Click here to search our current chemicals jobs online now.