Adhesives and industrial chemicals maker Pidilite Industries’ step down subsidiary -- Pidilite Lanka (PLPL) -- has acquired Chemifix trademark and other brands associated with PVAC adhesives business from Sri Lanka-based CIC Holdings Plc. PLPL has also acquired the commercial and technical knowhow relating to PVAC Adhesive business from CIC Holdings.
Pidilite International and Pidilite Middle East, wholly owned subsidiaries of the Company hold 76% of the paid up capital in PLPL.
CIC Holdings PLC is a large conglomerate in Sri Lanka and is involved in number of segments in Sri Lanka such as chemicals, fertilizers, pharmaceuticals, agri chemical, food products etc.
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.
| Company Name | CMP |
|---|---|
| BASF India | 3703.10 |
| Tata Chemicals | 709.05 |
| SRF | 2493.65 |
| Pidilite Inds. | 1393.25 |
| Deepak Nitrite | 1538.00 |
| View more.. | |
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