Intimation regarding: 1) Taking charge of Pipes and Fittings Business in India of Wavin Industries Limited and its two subsidiaries (part of Orbia Group ) and 2) Commencement of Long-Term Technology License from Orbia Wavin.
SUPREMEIND · price
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Supreme Industries has officially completed the acquisition of Orbia Building & Infrastructure's (Wavin) pipes and fittings business in India for USD 30 million plus net working capital adjustments. The deal closed on July 31, 2025, and Supreme took charge from August 1, 2025. It acquired two wholly owned subsidiaries of Wavin Industries and three manufacturing facilities located at Banmore (M.P.), Hyderabad (Telangana), and Neemrana (Rajasthan), taking Supreme's total manufacturing units to 33. A long-term technology licensing agreement with Orbia Wavin was also commenced, giving Supreme exclusive access to advanced water management solutions across India and SAARC countries, with additional fixed payments and royalties. All India-based Wavin employees have transitioned to Supreme, ensuring business continuity.
This acquisition strengthens Supreme Industries' leadership in India's plastic pipes market by adding advanced technology and new manufacturing capacity, likely supporting revenue growth and margin expansion. Shareholders should view this positively as it expands the company's product portfolio and geographic reach in water management infrastructure.