Godrej Industries’ chemicals division, a vital arm of the Godrej Group, has successfully acquired the Food Additives Business of Savannah Surfactants Ltd. The move strengthens Godrej’s foothold in the global Food & Beverages sector, in line with its strategic growth vision.
Savannah Surfactants, based in Goa, has a production capacity of 5,200 metric tonnes per annum (MTPA) of finished goods. These operations will now be integrated into Godrej’s Specialty Chemicals division, enhancing its product portfolio and expanding its capabilities in food-grade chemical solutions, as announced in a BSE filing on Monday.
Vishal Sharma, Executive Director and CEO of Godrej Industries (Chemicals), commented on the timely closure of the deal:
“We’re pleased to have concluded this acquisition at the start of the fiscal year. This aligns with our strategic vision to grow profitably and sustainably.”
This acquisition forms a crucial part of Godrej’s ambition to scale up its Specialty Chemicals business. Founded in 1963, Godrej Industries (Chemicals) is one of the Godrej Group’s legacy businesses, with established expertise in oleochemicals, surfactants, and biochemicals.
With sustainability at its core, Godrej continues to champion “Green Chemistry” — environmentally responsible and innovative chemical practices. Sharma reaffirmed this commitment:
“We are focused on becoming a Green Chemistry leader, ensuring a more sustainable and environmentally conscious future.”
By incorporating Savannah’s food additives business, Godrej not only boosts its product offerings but also enhances its competitive edge and positions itself for long-term growth in the global chemicals industry.
In other news, Indian stock markets were closed today in observance of Dr. Babasaheb Ambedkar Jayanti. Trading will resume as usual on Tuesday.
