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Pidilite Industries to acquire adhesive business of Blue Coat for Rs 263.57 crore

22 Sep 2014 Evaluate

Pidilite Industries has received the board’s approval for acquisition of the adhesive business of Blue Coat on a slump sale basis for a cash consideration of Rs 263.57 crore.

Pidilite Industries has diversified in various segments such as adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins and organic pigments and preparations. It has created brands like Fevicol, Dr Fixit, Cyclo, hobby ideas, Roff and M-Seal.

Peers
Company Name CMP
Godrej Industries 1039.10
SRF 2455.00
BASF India 3404.85
Pidilite Inds. 1485.00
Tata Chemicals 616.95
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