Supreme Industries and Wavin India have signed a Memorandum of Understanding to acquire Wavin India’s plastic piping business with an investment of USD 30 million.
Mar 11, 2025
Supreme Industries has signed a Memorandum of Understanding with Wavin India to acquire its Indian Piping Business with an investment of USD 30 million. The acquisition will further enhance Supreme Industries’ plastic pipes business capacity by 73,000 MTPA. The acquisition, which is in the same line of existing business – manufacturing plastics piping systems, is expected to be completed by June 30, 2025.
It will enable Supreme Industries to utilize three manufacturing facilities of Wavin India in Banmore (Madhya Pradesh), Hyderabad (Telangana) and Neemrana (Rajasthan) to serve the North Indian and South Indian markets more efficiently. The company mentioned in its exchange filing that beyond the physical assets, it will have exclusive access to all existing technologies from Wavin BV – Netherlands (parent company) and other new technologies to be developed during a period of seven years for India and SAARC countries.
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Additionally, the company also mentioned that it shall have exclusive access to water supply, sanitation, climate resilient cities and better building performance products & technologies as well as new technologies to be developed in the building and infrastructure segment from the parent company.
