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 Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..