Cuyahoga Falls, Ohio -- Americhem announced that it has acquired Prescient Color, a wholly-owned subsidiary of Sudarshan Chemical Industries Limited (SCIL). Based in Pune, India, Prescient is a leading Indian producer of high-end masterbatches in several niche applications, including synthetic fibers. It employs approximately 140, including contract employees. The acquisition complements Americhem's position in the global synthetic fiber market and expands its geographic reach in a high-growth region.
Prescient is a natural fit for Americhem; the acquisition will allow Americhem to service and grow with its customers around the globe, according to Matthew Hellstern, CEO of Americhem. The acquisition also expands Americhem's global reach and deepens its technical expertise, while helping customers solve their technical challenges. By combining these two companies, Americhem and Prescient will now offer an expanded solutions portfolio on a global level.