Pidilite Industries to acquire adhesive business of Blue Coat for Rs 263.57 crore

Pidilite Industries has received the board’s approval for acquisition of the adhesive business of Blue Coat on a slump sale basis for a cash consideration of Rs 263.57 crore.

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.