Camlin Fine Sciences on Thursday informed the exchanges that its subsidiary has acquired 65 per cent stake in Dresen Quimica SAPI.de.CV, Mexico, along with its group companies. CFS Antioxidantes De Mexico, a subsidiary of Camlin Fine Sciences, has made the acquisition for $7.8 million. The group companies are Industrias Petrotec de Mexico, Nuvel, SAC, Peru, Sritec SA, Guatemala, lnovel SAS, Colombia and Grinel SA, Dominican Republic. According to the December 31, 2015 balance sheet, combined net sales (along with that of group companies) stood at $16.45 million. Dresen is engaged in manufacturing and distributing specialty intermediate chemical solutions used by feed, food and other industrial products. Shares of Camlin Fine Sciences edged up 1 per cent at ₹97.4 on the NSE.

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