Jaiprakash Associates Acquisition & Valuation

Kansai Nerolac Paints makes decorative paints and industrial coatings, including automotive coatings. It sells through dealers to home owners and to automakers and industrial customers. It is a subsidiary of Japan's Kansai Paint and among the top Indian paint makers. Headquartered in Mumbai.

RHI Magnesita NV operates in the refractory industry. The core activities of the group comprise the development and production as well as the sale, installation, and maintenance of refractory products and systems. It has three main operating segments, Steel, Industrial, and Minerals. The Steel segment specializes in supporting customers in the steel-producing and steel-processing industry. Its Industrial segment serves customers in the glass, cement/lime, nonferrous metals and environment, energy, and chemicals Industries. The Minerals segment engages in the sale of internally produced raw materials such as magnesite ore, dead-burned magnesia, and fused magnesia. The company generates maximum revenue from the Steel segment.

JSW Dulux Ltd, formerly Akzo Nobel India, makes decorative paints under the Dulux brand and industrial coatings. It sells through dealers and tinting outlets to home owners and painters, and supplies industrial customers. It is one of the larger Indian paint makers and is now controlled by the JSW group. Headquartered in Gurugram.

Lafarge India is a Kolkata-based cement manufacturer operating in eastern and northeastern India as part of the Holcim Group. The company produces clinker, Portland cement, and ready-mix concrete from facilities in Meghalaya and Rajasthan, supplying infrastructure and housing projects.

Alpek SA is a petrochemical company with operations through two business segments: Polyester and Plastic and Chemicals. The Polyester segment comprises the production of purified terephthalic acid (PTA), polyethylene terephthalate (PET), recycled PET (rPET), and polyester fibers, which are mainly used for food and beverage packaging, textile and industrial filament markets, and The Plastics & Chemicals business segment comprises the production of polypropylene (PP), expandable styrene (EPS and Arcel), fertilizers and other chemicals, which serves a wide range of markets, including the consumer goods, automotive, construction, agriculture, pharmaceutical, and other markets. The company derives a majority of its revenue from the polyester segment.

Deepak Fertilisers and Petrochemicals makes industrial chemicals such as ammonium nitrate for mining, technical ammonium nitrate and nitric acid, plus fertilisers. Customers are miners, industry and farmers. Headquartered in Pune.

Yangzhou Tinfulong Group Co Ltd is engaged in Research & Development, production and sales of differentiated polyester staple fibers.

Stepan Co manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. The surfactants segment, which generates the majority of revenue, sells cleaning agents used in detergents, shampoos, body wash, fabric softeners, toothpastes, and other personal-care products. The polymers segment sells polyurethane used to manufacture rigid foam for thermal insulation, as well as phthalic anhydride used to make plastic components for the construction, automotive, and boating industries. The specialty products segment sells chemicals used in food and flavoring. The majority of Stepan's revenue comes from the United States, followed by France, Poland, the United Kingdom, Brazil, Mexico, and other countries.

Paradeep Phosphates makes phosphatic fertilisers such as DAP and NPK, and sells them through dealers to farmers. Plant at Paradeep, Odisha. Controlled by the Zuari-OCP group. Headquartered in Bhubaneswar.

Alzchem Group AG is an international chemical company. The reportable segments of the company are Specialty Chemicals, Basics and Intermediates, and Other Holdings. The specialty chemicals segment focuses on the production and distribution of high-quality growth products, and the basics and intermediates segment covers the production of basic and intermediate products. It generates a majority of its revenue from the Specialty Chemical segment. Geographically it serves Europe, Asia, and the Rest of the world whilst deriving substantial revenue from Germany.

Bayer CropScience India sells crop protection chemicals, seeds and traits, and environmental science products to farmers through distributors. It is the Indian arm of Bayer. Headquartered in Mumbai.

Grupo Lamosa SAB de CV manufactures and sells ceramic tiles, sanitary ware and ceramic adhesives for the construction industry. Its business segments are Ceramic, Adhesive, and Real Estate. The Ceramic segment offers Floor tiles, wall tiles, and bathroom equipment. The Adhesive segment offers adhesives for floors and walls. The Real Estate segment is engaged in commercial and residential developments. The company sells its products in domestic market, as well as exports to more than 15 countries in Central and South America, United States and Canada. The Ceramic segment generates maximum revenue.

Breedon Group PLC is a producer of construction materials. The products include aggregates such as polished stone value stones, sub-base materials and sands for the road construction industry, milled limestones for agricultural applications, asphalt, ready-mix concrete, concrete beams and blocks, cement, and others. The company's customers range from civil engineering business over local authorities and utilities companies to homes and smaller businesses. The company generates majority of its revenue in the United Kingdom.

DCM Shriram is a diversified Indian group with businesses in chlor-alkali and vinyl, sugar and ethanol, fertilisers, agri-inputs and seeds, and fenesta building products (windows and doors). It sells to industrial, farm and retail customers. Headquartered in Delhi.

Advanced Petrochemical Co produces and sells polypropylene, polysilicon, and polysilicon downstream products that include Photovoltaic cells and Photovoltaic. The company invests in industrial projects including petrochemical, chemical, basic and conversion industries and industries relating to renewable energy domestically and outside the Kingdom of Saudi Arabia. Its business is spread across the Middle East and North Africa region. Its products manufacture various basic goods including personal care products, fresh food packaging, lightweight plastics, and various others.

NextChem is a Milan-headquartered engineering subsidiary of Maire Tecnimont focused on green chemistry and sustainable processes. The division designs plants for hydrogen production, methanol synthesis from CO2, and waste-to-chemicals conversion. Active in energy transition projects across Europe and the Middle East, NextChem deploys technologies for decarbonization and circular economy initiatives.

National Petrochemical Industrial Company is a Yanbu-based joint venture between Saudi Basic Industries Corporation and Japanese partners that manufactures polypropylene resins. The facility produces homopolymer, random copolymer and impact copolymer grades with an annual capacity exceeding 400,000 metric tons. Products supply packaging, automotive and textile sectors across the Middle East and export markets.