Sudarshan Chemical Industries

VP4 Frankfurt manufactures intermediates including diketene, largely as a tolling operator for Nutrinova, an affiliate of Celanese and Mitsui. Diketene feeds food ingredient production, which fits a specialty materials buyer better than a pigments company. Nutrinova will continue supplying Sudarshan with the materials it requires after completion, so the divestment removes an asset without breaking the input chain. The share purchase and transfer agreement was signed on 31 August.