Finnish Distributor Algol Chemicals expands into India with Acquisition of Dynamic Orbits Advisory Pvt. Ltd.
Privately owned distributor Algol Chemicals Oy (Espoo, Finland) announced today that it has completed the acquisition of Indian specialty chemicals distributor Dynamic Orbits Advisory Private Limited [Dynamic Orbits] (New Delhi, India).
The acquired company has offices and warehouse in Delhi and Mumbai from which it serves customers in the Polymers, Coatings and Life Sciences segments. It also offers sourcing and regulatory services for REACH compliance.
Dynamic Orbits is going to be managed as a wholly-owned subsidiary of Algol Chemicals, the statement said. Relations with customers and suppliers are expected to continue as before. No personnel changes are planned as a result of the transaction.
Algol did not disclose financial details on the transaction.
Source: Algol press release
HGE – DCG / 25.01.2016