Tata Chemicals entered into definite agreements to acquire General Chemical Industrial Products Inc (GCIP)

Tata Chemicals Ltd has announced that the Company has entered into definitive agreements to acquire General Chemical Industrial Products Inc. (GCIP), a US based chemical Company for US$ 1,005 million. Harbinger Capital Partners is the majority owner of GCIP. The transaction is conditioned on the receipt of stockholder and other regulatory approvals.

GCIP is a significant Soda Ash producer in the USA with a capacity of 2.5 million TPA of Natural Soda Ash. GCIP has its manufacturing facilities located at Green River Basin in Wyoming, USA.