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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..