The Supreme Industries Limited has today i.e. on 19th July, 2025, entered into Business Transfer Agreements ( BTA ) with Wavin Industries Limited and its two wholly owned subsidiary companies
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Supreme Industries Limited has signed Business Transfer Agreements (BTA) on 19th July 2025 with Wavin Industries Limited and its two Indian subsidiaries to acquire Wavin's Indian Piping (Building and Infrastructure) Business. The deal is on a slump sale, going-concern basis for an aggregate consideration of about Rs. 310 Crores, including net working capital which is subject to final adjustment. This follows the earlier MOU signed on 11th March 2025, which had pegged the base deal value at US$ 30 Million plus additional working capital. The transaction is expected to close by 31st July 2025, subject to customary conditions precedent.
This acquisition will strengthen Supreme Industries' presence in the plastic piping and infrastructure segment by adding Wavin's established Indian business. The deal is a meaningful capacity and capability addition at a defined cost, and successful closure by 31st July 2025 will make the business contribute to revenues from the next quarter onwards. Short-term impact on the stock may be mildly positive given the strategic fit, though investors should watch for final NWC adjustments and integration progress.