Godrej Industries completes acquisition of Savannah Surfactants' food additives

Godrej Industries [BSE:GODREJIND] announced today the completion of a business transfer with Savannah Surfactants Limited, acquiring their Food Additives Business. This strategic move enables Godrej Industries to broaden its product offerings within the food and beverage sector on a global scale. Vishal Sharma, Executive Director and CEO of Godrej Industries (Chemicals), highlighted the acquisition's alignment with the company's growth strategy and its contribution to expanding their speciality chemicals sector. Savannah Surfactants Limited, located in Goa, has a manufacturing capacity of 5,200 MTPA of finished products, which will now be integrated into Godrej's operations. The company also stated that details of this business transfer can be found at www.godrejinds.com.