Briar is Safex’s first overseas acquisition as a global expansion strategy
Safex Chemicals India Limited (Safex), a fast-growing Indian agrochemicals company, announces the acquisition of Briar Chemicals (Briar), the UK’s leading agrochemicals Contract Development and Manufacturing Organisation (CDMO) provider, from the pan-European alternative investment firm AURELIUS Equity Opportunities. Safex is backed by ChrysCapital, one of India’s largest private equity firms, which owns a significant minority stake in the business.
“We are delighted to enter the UK by acquiring the country’s pre-eminent independent agrochemical CDMO provider,” said Piyush Jindal, Director of Safex. “The addition of Briar to Safex’s crop protection business strengthens our position in the global agrochemicals market.”
Founded in New Delhi in 1991, Safex is a leading Indian manufacturer and supplier of the most advanced crop protection chemicals. Safex is one of the fastest-growing agrochemical companies in India, having achieved a Combined Annual Growth Rate of over 25 percent in revenue over the last five years. Briar is Safex’s first overseas acquisition and forms part of the company’s strategy for global expansion in step with the substantial growth of the worldwide agrochemicals market, which is set to increase in value by over 11 percent from USD 62.3 billion in 2022 to USD 69.4 billion in 2026.
“Acquiring Briar Chemicals will fast-track Safex into becoming a fully integrated company, present in all industry verticals. Strong operational synergies and strategic vision will help Safex to become an important player in the global agrochemical industry. This is a very exciting time for our business,” said Mr. SK Chaudhary, Founder, and Director of Safex.
