Supreme Industries has signed a Memorandum of Understandings (MoUs) subject to due diligence with Parvati Agro Plast (Proprietorship Firm) and with a member belonging to the same family on August 24, 2023, for acquisition of its PVC-O, HDPE, and PVC Pipes business, on Slump Sale basis comprising of all tangible fixed assets, tools, moulds & dies, spare parts, all intangible fixed assets including trademarks & Intellectual property rights, all licenses, approvals & permissions, contract for power & other utilities and all material contracts, orders and rate contracts in hands of about Rs 235 crore including adjoining contiguous land at an aggregate cash consideration of Rs 171.00 crore.
The acquisition of Parvati Agro Plast Business would inter alia result in increasing the capacity of the Piping Division by 36,000 MT per annum and would also make O-PVC Pipe technology available to the Company. The acquisition will facilitate catering to bordering districts of Maharashtra and North Karnataka economically and efficiently.
Supreme Industries is India's leading plastic processing company with seven business divisions. The company has forayed into different types of plastic processing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding, Blow Moulding etc.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3653.60 |
| Astral | 1561.85 |
| Finolex Inds | 172.90 |
| Nilkamal | 1286.80 |
| Jain Irrigation Sys | 31.41 |
| View more.. | |
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