Supreme Industries to Acquire Wavin India's Piping Business for US$ 30 Million

Supreme Industries Ltd. has signed a MOU with Wavin Industries Limited for the acquisition of its Indian Piping Business. The deal is valued at an aggregate consideration of US$ 30,000,000 plus net working capital. The acquisition is subject to due diligence and regulatory approvals. The acquisition will facilitate catering to districts/area of North and South India, supply, sanitation, climate resilient cities and better building performance products and technologies as well as new technologies to be developed in Building and Infrastructure Segment from Parent Company. The acquisition is expected to be completed by 30-06-2025.