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Astral Poly Technik acquires 76% stake in Resinova Chemie

22 Nov 2014 Evaluate

Astral Poly Technik, which produces chlorinated polyvinyl chloride (CPVC) pipes and fittings, has acquired 76% stake in a chemical company -- Resinova Chemie -- for Rs 213 crore. The transaction values Resinova at Rs 289 crore.

Resinova manufactures and markets highly diversified range of epoxy adhesives. Its products have varied applications including automobile, construction, chemicals, engineering, industrial, furniture, sanitary and household sectors. Resinova, which sells its products under 50 brands, registered revenue of Rs 218 crore for the year ended September 2014

Earlier in August, Astral acquired 80% stake in UK-based Seal It Services, which is engaged in manufacturing and selling a range of sealants, adhesives, water proofing, cleaning products, tape and paints used mainly in construction sector.

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

1612.85 34.05 (2.16%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3705.80
Astral 1612.85
Finolex Inds 174.70
Nilkamal 1320.05
Jain Irrigation Sys 33.05
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