Dorf Ketal In Talks To Acquire Italy’s Italmatch For $1.6 Billion

09 Oct 2025 CW Team

Dorf Ketal, a global manufacturer and supplier of speciality chemicals, is in advanced negotiations to acquire Italy-based Italmatch Chemicals SpA for around $1.6 billion. The deal is being facilitated by the current owners, Bain Capital.

Both companies have entered into exclusive discussions and are reportedly close to finalising the Shareholder Agreement (SPA) within the next few weeks. A formal announcement is expected by the end of the month. If completed, this would mark Dorf Ketal’s largest-ever acquisition, underscoring its global growth ambitions and the accelerating consolidation within the speciality chemicals sector.

The industry has witnessed a string of major deals recently, reflecting growing strategic realignments and competitive repositioning among global players. These include:

Abu Dhabi National Oil Company (ADNOC) acquiring Germany’s Covestro AG for €12 billion in 2024.
Lone Star selling speciality chemicals firm AOC to Nippon Paint Holdings Co.
JSW Paints purchasing a major portion of Akzo Nobel’s India operations for $1.6 billion.

These transactions highlight the increasing trend of consolidation as companies look to broaden capabilities, access new markets, and reinforce their leadership in high-value chemical segments.

According to Rosefield Energy Tech, the proposed acquisition will enable Dorf Ketal to expand its product portfolio, strengthen technological capabilities, and deepen its global presence. The move would enhance the company’s standing as a leading speciality chemicals player and signal its long-term commitment to innovation and sustainable growth.

If the deal is finalised, it would represent a milestone in India’s outbound merger and acquisition activity in the chemicals sector, positioning Dorf Ketal among the few Indian firms with a significant European footprint in speciality chemicals manufacturing.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..