Safex Chemicals India acquired UK-based Briar Chemicals

• ByStartupStory     |    October 12, 2022

Agrochemicals company Safex Chemicals India has acquired Briar Chemicals (Briar) from the pan-European alternative investment firm AURELIUS Equity Opportunities, for £73 million ($80.8 million). Safex is backed by a private equity firm -ChrysCapital which owns a minority stake in the business.

Briar Chemicals was formed as a carve-out transaction from Bayer CropScience in 2012. Based in Norwich it is the UK’s leading agrochemicals CDMO solutions provider and serves the world’s most innovative agrochemicals companies. Safex founded in New Delhi in 1991 is a leading Indian manufacturer and supplier of the most advanced crop protection chemicals.

Neeraj Jindal the Director of Safex, has joined the Board of Briar Chemicals.

“We are delighted to enter the UK by acquiring the country’s pre-eminent independent agrochemical CDMO provider,” -Piyush Jindal, Director of Safex said, “The addition of Briar to Safex’s crop protection business strengthens our position in the global agrochemicals market.”
“Briar is a trusted long-term partner to many of the world’s largest chemical groups, with an impressive heritage,” commented Matthias Täubl, CEO of AURELIUS Equity Opportunities.

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