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 has signed Business Transfer Agreements (BTA) with Wavin Industries Limited and its two wholly-owned Indian subsidiaries to acquire Wavin's Indian Piping (Building and Infrastructure) Business on a slump sale, going-concern basis. This follows an earlier MOU signed on 11th March 2025. The aggregate deal value is about Rs. 310 Crores, including net working capital, which is subject to final adjustment on the closing date. Originally pegged at US$ 30 Million plus net working capital, the transaction is expected to close by 31st July 2025, subject to fulfilment of agreed conditions precedent.
This acquisition expands Supreme Industries' footprint in the building and infrastructure piping segment, strengthening its market position. For shareholders, it signals a strategic inorganic growth move funded through internal accruals, with the deal expected to be completed within the next couple of weeks.