What is Novabay Pte Ltd known for?

Novabay Pte Ltd is known for manufacturing and selling premium-grade sodium bicarbonate for pharmaceutical, food, and personal care industries.

Why is Tata Chemicals acquiring Novabay?

Tata Chemicals is acquiring Novabay to strengthen its position in premium-grade products and expand its presence in high-value, non-cyclical market segments.

When will the Tata Chemicals acquisition of Novabay be completed?

The acquisition of Novabay by Tata Chemicals is expected to be completed by March 2026, pending the fulfillment of SPA conditions.

Home / Business and Economy / Tata Chemicals Buys Premium Bicarb Maker

Tata Chemicals Buys Premium Bicarb Maker

19 Dec

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Summary

Tata Chemicals to acquire Singapore-based Novabay Pte Ltd.
Novabay specializes in premium-grade sodium bicarbonate for key industries.
The acquisition aims to strengthen Tata Chemicals' specialty product portfolio.

Tata Chemicals Buys Premium Bicarb Maker

Tata Chemicals International Pte Ltd (TCIPL) has entered into a share purchase agreement to acquire 100% of Novabay Pte Ltd, a Singaporean company known for its premium-grade sodium bicarbonate. This acquisition signifies Tata Chemicals' strategic intent to deepen its engagement in high-value, non-cyclical product segments.

Novabay, established in November 2015, is a significant supplier to the pharmaceutical, food, and personal care industries across Europe, the Americas, Asia, and beyond. The company boasts a current production capacity of approximately 60,000 tonnes, with plans for expansion, and holds crucial certifications including cGMP and API.

The transaction, valued at an enterprise value of €25 million, is anticipated to conclude by March 2026, subject to customary conditions. Post-acquisition, Novabay will operate as a wholly-owned subsidiary of TCIPL, enhancing Tata Chemicals' capabilities in the specialty bicarb market.