New Delhi, Dec 20 (BVI) Tata Chemicals International Pte. Limited (TCIPL), a 100% subsidiary of Tata Chemicals Limited (TCL), has acquired Novabay Pte. Limited (Novabay), a leading manufacturer of premium grade sodium bicarbonate.
TCIPL has signed a Share Purchase Agreement (SPA) for acquiring 100% equity shares of Novabay, TCL announced today.
Commenting on the acquisition, TCL Managing Director & CEO said this acquisition strengthens TCL’s capabilities in specialty bicarb market and enhances our ability to serve premium customer requirements.
Novabay’s focus on premium-grade sodium bicarbonate aligns seamlessly with TCL’s strategy to expand its presence in high-value, non-yclical product segments, he added.
Novabay is among the largest premium sodium bicarbonate producers in the Asia-Pacific region (excluding China), supplying high-value grades for pharmaceutical, personal care, and food applications.
The company holds key cGMP, API, and related certifications, supported by a fully automated facility. With a current capacity of approximately 60,000 tons and potential to expand to 100,000 tons, Novabay is well-positioned for growth.
The premium grade sodium bicarbonate market benefits from steady demand in healthcare, personal care, and food sectors.
This demand is driven by rising haemodialysis needs, improved access to medical care, and growing consumption in emerging markets. (BVI)
