Americhem Inc.’s recent acquisition of Indian materials firm Prescient Color Ltd. is the next step in the firm’s global strategy, according to CEO Matthew Hellstern. Cuyahoga Falls-based Americhem announced the deal on June 1. Prescient is based in Pune, India, and makes textile and specialty masterbatch concentrates for markets including synthetic fibers. No sale price was announced for the transaction. “Acquisitions are going to be key for us, along with organic growth,” Hellstern said in a recent interview with Plastics News. “India is a fast-growing region. The Indian middle class continues to expand. “We have customers moving into that region and we want to move with them. [Prescient] also is focused on fibers, just like we are.” Hellstern added that Americhem is impressed with technology that Prescient has developed and plans to merge some of it with its own core competencies and technologies. Prescient was incorporated in 2006 and initially operated in a small plant of its parent company, Sudarshan Chemical Industries Ltd. Prescient acquired its own site in 2008. Most of Prescient’s products are based on polypropylene and PE...