Zeochem AG acquired 100 % of the shares of Sorbchem India Private Limited, a company domiciled in Vadodara (India) into which had been assimilated the activities of the former Sorbead India and Swambe Chemicals, on 29 April 2024. Sorbchem India sells and distributes molecular sieves and packaging materials and manufactures chromatography gels for use in the packaging and the pharmaceutical sectors.

The table below shows the market value of the assets and liabilities acquired at the time of purchase:

The CHF 19.9 million difference between the acquired net assets of CHF 13.3 million and the acquisition cost of CHF 33.2 million was taken to shareholders’ equity in the form of goodwill. After deduction of also-acquired cash and cash equivalents of CHF 0.2 million and a not-yet-paid purchase price liability of CHF 0.2 million, the resulting net cash flow from the acquisition of subsidiaries amounted to CHF 32.8 million. The 2024 consolidated income statement includes net sales from acquired subsidiaries of CHF 6.2 million. Net sales for 2024 up to the date of acquisition amounted to CHF 3.5 million.