Astral Poly Technik has acquired controlling stake (80%) in UK-based company Seal It Services, manufacturer of various kinds of adhesives and sealants. Astral has paid GPB 4.4 million for 80% stake.
To complete the transaction Astral has been supported by KPMG for Financial Due Diligence and has acted as the overall Tax Advisor. The transaction was financed by Hong Kong and Shanghai Banking Corporation (HSBC) Group.
Astral is planning to further consolidate its Adhesive and Sealant Business in the coming years and it is in the process of expanding its manufacturing facilities in India.
Astral Poly Technik manufactures plumbing systems for residential and industrial applications. Astral is equipped with state of art production facilities at Ahmadabad and Himachal Pradesh to manufacture plumbing systems from 1/2” to 6” with all kinds of necessary fittings.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3602.15 |
| Astral | 1518.40 |
| Finolex Inds | 173.30 |
| Nilkamal | 1261.15 |
| Jain Irrigation Sys | 31.86 |
| View more.. | |
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