Supreme Industries Limited has signed Business Transfer Agreements (BTAs) with Wavin Industries Limited and its two wholly owned Indian subsidiaries — Wavin India Pipes and Fittings Manufacturing Private Limited and Wavin India Holding Pvt Ltd — to acquire their businesses for a total investment of USD 30 million.
July 20, 2025
Supreme Industries Limited has formalized Business Transfer Agreements (BTAs) with Wavin Industries Limited and its two wholly owned Indian subsidiaries — Wavin India Pipes and Fittings Manufacturing Private Limited and Wavin India Holding Pvt Ltd.
The acquisition will be executed through a lump-sum consideration, without assigning individual values to each component.
Earlier, the company had signed a Memorandum of Understanding to acquire Wavin India’s plastic piping business with an investment of USD 30 million.
Also Read: Adani Enterprises Partners with MetTube to Boost India’s Copper Tube Manufacturing Ecosystem
The acquisition is anticipated to be completed by July 31, 2025, upon the fulfilment of various terms and conditions as mutually agreed upon by both parties within the respective Business Transfer Agreements.
