I am pleased to announce that Harcros (India) LLC., a wholly owned subsidiary of Harcros Chemicals, Inc. has today acquired a majority share in Venus Ethoxyethers, Grand Organics and Esteem Industries (The Venus Group). The Venus Group was established in Goa, India in 1987 and now operates 3 plants in Goa and one near Mumbai. Venus produces a wide range of alkoxylated products serving a diverse customer base, both domestically and internationally. This partnership will give each company a larger product portfolio, as well as increased market coverage. Further benefits are expected to be realized in other areas such as manufacturing optimization, technology, engineering and especially in research and development. Venus operates an extensive R & D and Pilot Plant facility in Goa.
Mr. Zubin Gandhi will continue to lead the company and both he and Dr. Amol Walke will continue on the board of directors.