US custom colour and additive solutions firm Americhem has acquired one of India's leading producers of high-end masterbatches in several niche applications including synthetic fibres.

Americhem says the acquisition of Prescient will allow it to service and grow with its customers globally. It complements Americhem's position in the global synthetic fibre market and expands its geographic reach in a high growth region, while also deepening its technical expertise.

"Prescient's operating model and core values align with Americhem's," said CEO Matthew Hellstern. "We will continue to build upon our key attributes: performance, solutions, and trust."

Prescient has built a reputation of offering best-in-class fibre development technology. Based in Pune, India, the company employs around 140, including contract employees.

"Our customers will benefit by having access to new innovative technologies, and our employees' futures will continue to expand and thrive as part of the global Americhem family,"  said Rohit Rathi, Prescient managing director.

By combining the two companies, Americhem and Prescient say they will now offer an expanded solutions portfolio on a global level.