Wedoany.com Report-Dec.23, Tata Chemicals Ltd. (TCL), based in Mumbai, India, has announced that its wholly owned subsidiary, Tata Chemicals International Pte. Limited (TCIPL), has signed a Share Purchase Agreement to acquire 100 percent equity shares of Novabay Pte. Limited (Novabay), a producer of premium-grade sodium bicarbonate.

The Managing Director and CEO of TCL commented on the acquisition: “Novabay’s focus on premium-grade sodium bicarbonate aligns seamlessly with TCL’s strategy to expand its presence in high-value, non-cyclical product segments. This acquisition strengthens TCL’s capabilities in specialty bicarb market and enhances our ability to serve premium customer requirements. Novabay is among the largest premium sodium bicarbonate producers in the Asia-Pacific region (excluding China), supplying high-value grades for pharmaceutical, personal care, and food applications. The company holds key cGMP, API, and related certifications, supported by a fully automated facility. With a current capacity of approximately 60,000 tons and potential to expand to 100,000 tons, Novabay is well-positioned for growth.

The premium-grade sodium bicarbonate market benefits from steady demand in healthcare, personal care, and food sectors. Rising haemodialysis needs, improved access to medical care, and growing consumption in emerging markets drive this demand. We believe this strategic acquisition will accelerate TCL’s long-term growth and value creation.”

Novabay operates a modern production facility designed for high-purity output, meeting stringent quality standards required for sensitive applications such as pharmaceuticals and personal care products.

This move supports TCL's broader objectives to strengthen its portfolio in specialty chemicals with stable demand characteristics. By incorporating Novabay's established operations and certifications, TCL gains enhanced production capabilities and market reach in the premium segment.

The transaction is expected to contribute to sustained expansion, leveraging consistent requirements across key end-use industries and opportunities for capacity increases at the acquired facility.

Overall, the acquisition positions TCL to better address evolving customer needs in high-value sodium bicarbonate applications while supporting ongoing development in specialty product areas.