ETG Inputs Holdco Limited, (EIHL), a subsidiary of ETC Group (ETG), a global conglomerate with a presence across multiple industries, announced today that they have acquired Curechem, an independent industrial mining and agrochemicals company. ETG and Curechem entered a strategic partnership in 2022, with an objective to grow the chemical business in existing and new geographies, leveraging ETG’s supply chain and distribution strengths across Africa.
The acquisition will be done under the name “ETG Curechem”
“Curechem’s vision is to become a market leader in chemical distribution by the year 2025. With this acquisition, the vision is sure to become a reality perhaps before 2025. ETG and Curechem complement so well, it is in fact, a perfect fit”, said Mr. Anup Chand, Managing Director of Curechem.
Manoj Shewkani, Regional Head for EIHL- East Africa and Curechem , said: “Venturing into the industrial and mining chemical segment, will further diversity EIHL’s offering, strengthening our position in becoming an industry leader in Africa. ETG Curechem is excited to work towards a mutual goal of creating positive impact.”
ETG Curechem’s goal is to play an important role in establishing a reliable last mile chemical distribution platform in Africa. ETG aims to increase farmers’ access to agricultural services and inputs to improve crop yields, incomes and food security. In this mission, chemical products are an important factor to minimize crop losses and to improve the economic resilience of farmers, in particularly in times of climate change and high vulnerability of crops. Meanwhile, ETG is committed to ensure the safety and health conditions of farmers and consumers, and is following international standards of the World Health Organization (WHO) and international conventions to increase the professionality and safety of the chemical sector in Africa.