Manali Petrochemicals to acquire Penn Globe

Manali Petrochemicals (MPL) acquires 100% stake in Penn Globe, UK (PGL) for GBP 21 million. Through its wholly owned subsidiary, AMCHEM Speciality Chemicals, the company has completed this acquisition (AMCHEM). With this acquisition, PGL has become a fully owned subsidiary of MPL, along with its two UK subsidiaries, Penn-White and Pennwhite Print Solutions.

Penn Globe, based in Cheshire, England, is a leader in the global market for foam control agents and related chemicals like lubricants, surface coatings, release agents, and silicone emulsions. The Boards unanimously agreed to the purchase of the business.

Leading petrochemical producer Manali Petrochemical (MPL) is headquartered in Chennai, India. It promotes polyols and propylene glycol.

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