Supreme Industries has signed a Memorandum of understanding (MoU) with Wavin Industries for acquisition of its Indian Piping (Building and Infrastructure) business, at its manufacturing units situated at Banmore (M.P.). Hyderabad (Telangana) and Neemrana (Rajasthan) - either on Slump Sale or Share acquisition basis comprising of all tangible fixed assets, tools, moulds & dies, spare parts, all intangible fixed assets including trademarks & Intellectual property rights, all licences. approvals & permissions. contract for power & other utilities, all material contracts, orders, rate contracts in hand and employees.
Simultaneous to above acquisition, the company will have exclusive access to all existing technologies from ‘Wavin B.V.’--Netherlands (Parent Company) and other new technologies to be developed during a period of 7 years for India and SAARC Countries. The deal is valued at $30 million plus net working capital. The transaction is expected to be completed by June 30, 2025.
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 | 3799.00 |
| Astral | 1625.85 |
| Finolex Inds | 165.10 |
| Nilkamal | 1275.35 |
| Jain Irrigation Sys | 31.99 |
| View more.. | |
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