Pidilite Industries has received board approval for acquisition of the adhesive business of Suparshva Adhesives. The slump sale agreement includes Brands, Know-how and other assets pertaining to the adhesive business. The gross turnover for the year ended March 31, 2013 of the business being acquired is less than 1% of the company’s turnover.
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.
