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Astral Poly Technik acquires controlling stake in Seal It Services

26 Aug 2014 Evaluate

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.

Astral Share Price

1518.40 -31.05 (-2.00%)
05-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3602.15
Astral 1518.40
Finolex Inds 173.30
Nilkamal 1261.15
Jain Irrigation Sys 31.86
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