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Synthite acquires Chinese firm for $3 mn

 ipc  13/01/2012  1292
KOCHI: Spices major Synthite Industries Limited, a global leader in oleoresins, anchored its foray into the international market for natural products by acquiring a Chinese firm for a consideration of $3 million (Rs 159 crore) early this month. The acquisition of the firm based at Xinjian in the southern Jiangxi province is the first of its kind by a Kerala-based firm.

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