Japan’s Mitsubishi Chemical Corp. (MCC) is acquiring the PVC compound business of Welset Plast Extrusions Pvt. Ltd, a Mumbai, India-based plastics specialist..AZB & Partners acted for Mitsubishi Chemical Corp. with a team led by Partner Shameek Chaudhuri along with Senior Associate Medha Marathe and Associate Saloni Thakkar..Clove Legal advised Welset Plast Extrusions with a team led by Partner Dharmesh Kotadia along with Senior Associate Nupur Rustagi and Associate Ashita Songara..With the acquisition, MCC expects to find a foothold in the medical PVC compound business, while improving its existing PVC and thermoplastic elastomers businesses in India and ASEAN markets.
